$USDJPY Looking to break above triangle after Strong #FOMC
Technicals: on the chart.
See related idea on bullish reasons for USD.
- BOJ will keep eye on updside and downside risks and adjust policy as appropriate
- will continue QE as long as needed to achieve inflation target in stable manner
- Consumer inflation likely to hover around zero pct for time being due to energy price falls
- Japan's economy likely to continue recovering moderately as a trend
See related idea on bullish reasons for USD.
- BOJ will keep eye on updside and downside risks and adjust policy as appropriate
- will continue QE as long as needed to achieve inflation target in stable manner
- Consumer inflation likely to hover around zero pct for time being due to energy price falls
- Japan's economy likely to continue recovering moderately as a trend
