hourly USD/JPY
USD/JPY bottomed at 146.96 yesterday on feedback from Ueda after the BOJ resolution. The pair then rebounded strongly on broad US greenback power to 148.55.
Nonetheless it is slumping once more as we speak after China lower the RRR by 50 bps in an indication that Beijing is lastly turning on the stimulus faucets.
With the break of yesterday’s low, the pair is now on the lowest ranges since January 16.
Might this be a sturdy prime in USD/JPY?
