Currency Analyst since 2010

USD/JPY: forecast for July 25-31

After the retracement to the downside the pair stayed above the key support levels at 105.00 and 103.50. The reason of such resilience is that traders think that even if the BOJ doesn’t use such unconventional tool as “helicopter money”, it will expand its current monetary stimulus measures at its meeting on Friday, July 29.

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