How BOJ will make their move on continuously bearish USDJPY
USDJPY Real Time Daily Chart USDJPY Chart by TradingView Technical Analysis for USDJPY by TradingView Strong JPY Recently, JPY has been quite strong. The USDJPY went below 106.00 line downwards on this Monday as a new week started, and went down to 105.79 yen (as of 4:00 UTC on the 5th of August). Last week FOMC decided to cut interest rates by 25 basis points, and then Chairman Mr. Powell warned that he was looking forward to a market rate cut, saying that “this rate cut is not the beginning of a continuous rate cut in the future” and as a result, USD has been repurchased up to 109.30. But…