Bank of Japan Governor Haruhiko Kuroda said on behalf of the BOJ concerning the Yen, “We aren’t intending to weaken the currency at all,”. The easing “is for a domestic policy goal to achieve the 2 percent inflation target at the earliest possible time,”.
On the way to 100, the USDJPY has been, is now, and will be one of the most interesting and observed pairs in recent history.
Japanese Yen Weakness in the Forex Market continues and could for a very long time.
If the USDJPY breaks the 100 level, it will be breaking a resistance level and a heavy psychological barrier. What that means for direction, I suppose we will have to wait and find out. Some may see the 100 break as the perfect continuation opportunity to go long. Others may see it as a great time to short. How do you see it? Leave your comments below.
Click on the picture to learn more about having a Forex Trading System
Winner’s Edge Trading, as seen on: