USDJPY Feb 23 to Feb 27 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation week at reduced range trapped inside Y-1 to Y-0. Closed the week below Y-0 and above midpoint.

Outlook
BOJ indeed doing what they claimed and no one dares to drop ninja near 118. This is not a healthy situation though, as ninja may drift higher to 120 but any up move will have to deal with the potential mini crash back down to Y-2.

Another pair not good for trading this week like euro.

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