This week we will hear once again from the BOJ as their press conference will be released this Wednesday.
We have already heard from several of the central banks and the trend has been some adjustments to their monetary policy due to lower oil prices. The BOJ is in a different position, however the press conference has potential to cause some volatility if there are any changes to the monetary policy.
Some of the Yen pairs like USDJPY and EURJPY already show a possible completed Wave cycle to the upside, however the Commodity currencies are largely showing a shallow retracement with still some room to the upside. Will see if this week gives some further direction to the next moves for the Yen pairs.
We have already heard from several of the central banks and the trend has been some adjustments to their monetary policy due to lower oil prices. The BOJ is in a different position, however the press conference has potential to cause some volatility if there are any changes to the monetary policy.
Some of the Yen pairs like USDJPY and EURJPY already show a possible completed Wave cycle to the upside, however the Commodity currencies are largely showing a shallow retracement with still some room to the upside. Will see if this week gives some further direction to the next moves for the Yen pairs.
