The FOMC protocols indicated that officials are concerned about
a low inflation level in the country. The US dollar has
significantly weakened.
My yesterday's forecasts for USD/JPY were confirmed. The yen
rose against the US dollar by more than 125 points. The quotes are
consolidating in the 111.10-111.35 range of. I don’t exclude a
technical correction in the near future. I plan to open positions
from key levels.
I’ll buy the pair, if it fixes above the 111.35 resistance
level. It may move to 111.60.
I’ll sell, if USD/JPY fixes below 111.10. It may move to
110.75-110.50.
