USD/JPY, BOJ boosted the pair by cuting rates!
BOJ reduced the rates to negative during the Asian sesion and boost the pair up stong for 200 pips today. Daily chart showes that stong resistance at 120.30/60 is broken and daily MA100 at 120.60 as well. But, the pair must close the day above those levels, to confirm the same as potential supports. US GDP is coming up and it’s possible to see more action here. 121.60 is next strong resistance area, daily MA200 and outer trendline at 121.80 as well. It could be interesting to follow this pair in the next several hours.
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