EURUSD, USDJPY Forex Technical Analysis (Daily)
Current mark – 1.1085
EURUSD: Current pullback after 1.1120 peak should be considered corrective, preceding another rise towards 1.1190 resistance area.
Key support lies at 1.1030-40.
Current mark- 103.86
The sell-off reached a new local low at 102.70 and the bias is still negative, with a crucial high at 105.50
The Bank of Japan’s (BOJ) most anticipated policy announcement in years left investors underwhelmed, sparking a surge in the JPY and sending Japanese government bonds to their biggest retreat since Y 2013.
Japan’s currency jumped 1.9% Vs the USD after the BOJ kept its government-bond buying target and policy interest rate unchanged, opting instead to increase ETF (exchange-traded fund) purchases.