Massive slump in JPY seen as BoJ eases policy, surprising markets who has expected no major action.
- Adopts negative 0.1 pct interest for excess reserves financial institutions park with BOJ, reduces median core CPI forecast for 2016/17 to +0.8 pct from +1.4 pct projected in Oct.
- USD/JPY hit 121.39, extending gains after a knee-jerk 118.50 to 120.75 spike, the pair has eased slightly to currently trade at 120.37.
- The current momentum could see gains upto 122 levels which is also 78.6% Fib of 123.76 to 115.97 fall.
- Immediate support is seen by 5-DMA at 118.89, while on the upside next hurdle aligns at 121.50 (Dec 21 highs).
Recommendation: For trading purpose, we buy dips in the pair around 120.00, SL: 119, TP: 121.50/122


FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: AUD/USD firms as Australian household spending records sharp jump
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro- Major Crypto levels and bias summary
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
FxWirePro- Major US Indices
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD extends drop, faces 50%fib support
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next 



