AnalysisMarket OverviewBOJ INTEREST RATE DECISION ,A BOOST FOR DOLLAR

BOJ INTEREST RATE DECISION ,A BOOST FOR DOLLAR

Bank of Japan halted hiking the interest rate similar to the  FED decision they made on Wednesday.

BOJ interest rates  actual -0.1%, previous -0.1%

FED interest rate actual 5.25%, previous 5.25%

When BOJ released their interest rate report at 6:00EST dollar gained more market thew against JPY and it has been an uptrend for the USDJPY pair since morning.

In my opinion, the USDJPY uptrend will continue a good confirmation using the daily timeframe.

[caption id=”attachment_15560″ align=”alignnone” width=”300″]Screenshot (140) Screenshot (140)[/caption]

MORRIS-JACOB-WAWERU-GITHUKU65
MORRIS-JACOB-WAWERU-GITHUKU65
I have 3 years of experience in forex and crypto trading, having worked with Moneta markets forex broker, BITMARKET cryptocurrency broker and currently working with HFM as an introducing broker. Day trading sits well with me since I find it more lucrative and obeys my trading strategy. I trade during the London and New York sessions pair USDJPY, EURUSD, and AUDUSD. linkedin.com/in/morris-jacob-90911817a
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