BoJ hiked its overnight interest rate to 0.25% and announced its “Quantitative Tightening” plan, without much major surprises. USD/JPY sold off but still hovering above its 151.70 key short-term support. Cannot rule out the possibility of another minor mean reversion rebound in USD/JPY before a bearish impulsive down move sequence unfolds with next medium-term support […]
The post USD/JPY Technical: JPY Strength Halted Right at 151.70 Support as BoJ Hiked Interest Rate. What’s Next for JPY? appeared first on Action Forex.
