FxGrow Daily Technical Analysis – 28th April, 2016
By FxGrow Research & Analysis Team
The Yen strengthened as BOJ maintains policy balance rate
The Japanese Yen surged higher as the Bank of Japan (BOJ) left monetary policy unchanged. The BOJ was away from further easing and forecasted that the CPI will hit the 2% target in 2017 boosting the Yen. The USDJPY is in a downturn territory and breaking the support level 107.90 tends to create a strong downtrend toward 107.60, 107.30 and 106.90.
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