USDJPY 4 HOUR CHART
Some pre-BoJ meeting cold feet have JPY trading weaker
Offsets out of EURJPY buying are helping so far to keep EURUSD above 1.0867 (see post below)
Rising red AT lines show risk to the upside as long as it stays above 148.00-04 but…
Major resistance is not until the upper 150+ so not close to key levels.
A look at the day ahead in European and global markets from Kevin Buckland
European traders may do well to brace themselves for a sell-off on Friday, with equity markets sinking around Asia as investors adjust to the prospect of later and fewer Fed rate cuts this year.
USDJPY 4 HOUR CHART
Key levels are obvious
148.30 resistance (void above it)
148 sets the bias
USDJPY finding support despite the risk of the long-awaited rate hike next week, neutralized by higher US bond yields.
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