Today in forex trading the USD was weak and the JPY was strong on all pairs. The NZD/USD moved higher, this pair made a strong move but it is stuck inside may layers of resistance. We would exit any buys. The USD/JPY dropped along with all of the JPY pairs. The JPY pairs all moved sharply lower. It is suspected the BOJ intervened in the currency unexpectedly. Due to the sharp drops in all of the JPY pairs we would scale out lots on any sells, then reassess the market later today. JPY monetary policy news is tonight and could create more volatility.
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@forexheatmap
https://www.forexearlywarning.com/
Three (3) professional trading systems, 28 forex pairs, gold and crypto currencies. Join us for our weekly Spaces on X.