USD/JPY technical analysis
So with the BOJ announcing a special bond buying program, this no doubt puts the yen in focus for the session.
Daily thoughts:
- Retest of long term trend line break out.
- Confluence with the previous swing high, previous resistance as possible support.
Intraday thoughts:
- Momentum certainly here on the news.
- We see a resumption of last night's USD strength for the pair after healthy pullback.
- Looking for a higher high here to confirm but a chance to buy any intraday pullbacks?
More headlines coming through
- BOJ just bought 94 billion yen of 10 year bonds in a fixed rate operation
- Bids received were for 94b yen
- Offered to buy debt at 0.10%
- 2nd fixed rate operation in 5 days.