USDJPY:under pressure after the Bank of Japan meeting

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Source: Exness Forex Broker

Buy on rebound from 120.49 level with 121.47 target. Stop loss = 119.90.

Reason for the trading strategy

The Bank of Japan has kept unchanged its key policy of increasing the money supply by 80 trillion yen per year. According to the regulator, consumption is stable against the background of a gradual improvement in employment and salaries. The news is positive for the yen.

 USD/JPY Chart

 

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