AUDJPY: Once Again, the BOJ Plays the Old Game
AUDJPY: Once Again, the BOJ Plays the Old Game
After numerous comments suggesting that the Bank of Japan (BOJ) would raise rates again, last night’s developments proved otherwise.
As usual, the BOJ’s statements are inconsistent from one meeting to another.
BOJ’s Tamura recently commented, “Don’t have a preset idea on the pace of further rate hikes,” when asked about the possibility of raising rates by year-end.
This uncertainty has created a bullish wave across all XXXJPY pairs, once again putting JPY strength at risk.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
After numerous comments suggesting that the Bank of Japan (BOJ) would raise rates again, last night’s developments proved otherwise.
As usual, the BOJ’s statements are inconsistent from one meeting to another.
BOJ’s Tamura recently commented, “Don’t have a preset idea on the pace of further rate hikes,” when asked about the possibility of raising rates by year-end.
This uncertainty has created a bullish wave across all XXXJPY pairs, once again putting JPY strength at risk.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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