USD/JPY, resistance from December and BOJ stoped the bulls!
USD/JPY reached resistance from December at 121.80/122.00, where the pair find decent sellers which has pushed the pair strongly back to 121.20. Abe adviser Honda maybe help the bears with his comments, that there is no problem for Japanese economy with USD/JPY around 120. It seams that BOJ is monitoring the FX moves closely and they could act if it needed. Interesting for sure, let’s see furder developments here. First stronger support could be at 120.50/60, but it’s obviously that we could look that supports levels as targets now, or!? How do see this pair traders?