No Change in BOJ Policy / USDJPY / 21/01/2015 08:15:49With no important economic data from the USA, USDJPY pair moved upwards with appreaciating dollar index. This morning, BOJ revised their inflation expectations downwards, while making no change in policy. BOJ stated that, economic growth outlook will be better and this would make inflation to enter in upward trend. After...
BOJ statements, the pair declined harshly.
Today; USA building permits and housing starts will be followed.
Technically; if the pair moves above 118,00 level, then 118,70 level would be aimed. If the pair stays below 118,00 level, then 117,50 support would stand out. In order to continue upward aim, the pair needs to stay on 118,00 level.