{"id":8329,"date":"2010-04-07T16:07:50","date_gmt":"2010-04-07T20:07:50","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8329"},"modified":"2010-04-07T16:07:50","modified_gmt":"2010-04-07T20:07:50","slug":"usdjpy-limps-lower-after-boj-meeting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/07\/usdjpy-limps-lower-after-boj-meeting\/","title":{"rendered":"USD\/JPY Limps Lower After BoJ Meeting"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The USD\/JPY is limping lower after the BoJ decided to keep its monetary policy unchanged as expected.\u00a0 Though the central bank noted continual deflationary pressures, it also cited improvements in export demand and manufacturing.\u00a0 Hence, Japan\u2019s export-oriented economy continues to benefit from the strong economic performance of the Pacific.\u00a0 That being said, investors have opted to nibble on the Yen today and are locking in some profits following the currency pair\u2019s impressive run towards 95.\u00a0 Despite recent weakness, the USD\/JPY\u2019s uptrend is still in play as the currency pair solidifies well above its highly psychological 95 level and key downtrend lines.\u00a0 Meanwhile, the U.S. will be quiet on the data-front today, meaning present trends could play out until tomorrow barring any unexpected psychological developments.\u00a0 However, activity should pick up tomorrow with Australia kicking off the session by releasing key employment data.\u00a0 The BoE and ECB with follow with they own monetary policy decision accompanied by heavily-weighted fundamental data from the UK.\u00a0 The wealth of data and news normally creates an environment supporting volatility, so investors should keep an eye on the greenback\u2019s reaction to tomorrow\u2019s flow, particularly the central bank monetary policy decisions.<\/p>\n<p>Technically speaking, the USD\/JPY faces technical barriers in the form of previous April highs and the currency pair\u2019s psychological 95 level.\u00a0 As for the downside, the USD\/JPY has multiple uptrend lines serving as technical cushions along with 4\/2, 4\/1, and 3\/30 lows.\u00a0 Additionally, the psychological 93 level could serve as a psychological cushion should it be tested.<\/p>\n<p>Present Price: 93.76<br \/>\nResistances: 93.86, 94.06, 94.26, 94.40, 94.56, 94.74, 94.89<br \/>\nSupports: 93.67, 93.57, 93.45, 93.30, 93.09, 92.84<br \/>\nPsychological: .95, .94, .93, 2010 highs<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/April7Yen.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/April7Yen.png\" alt=\"\" width=\"595\" height=\"400\" \/><\/a><\/p>\n<p>(click chart to enlarge)<\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> provided by <a href=\"http:\/\/www.fastbrokers.com\/index.php?CP001\" target=\"_blank\"><strong>Fast         Brokers<\/strong>.<\/a><\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is         provided for information purposes only and under no circumstances  should        be regarded neither as an investment advice nor as a  solicitation    or    an  offer to sell\/buy any financial product.  FastBrokers  assumes   no     responsibility or liability from gains or  losses  incurred by the       information herein contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss         in trading futures and foreign exchange. Please carefully review     all     risk disclosure documents before opening an account as these      financial    instruments are not appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Fast Brokers &#8211; The USD\/JPY is limping lower after the BoJ decided to keep its monetary policy unchanged as expected.\u00a0 Though the central bank noted continual deflationary pressures, it also cited improvements in export demand and manufacturing.\u00a0 Hence, Japan\u2019s export-oriented economy continues to benefit from the strong economic performance of the Pacific.\u00a0 That being &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/07\/usdjpy-limps-lower-after-boj-meeting\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Limps Lower After BoJ Meeting&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8329","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8329"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8329\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}