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Apr 28 - 01:55 AM

USD/JPY - USD/CNH Recovers Losses As BOJ Inspires USD/JPY Bulls

By Ewen Chew  —  Apr 28 - 12:10 AM
  • USD/CNH recovers losses to 6.9270 from Fri low 6.9190

  • Base of Bollinger uptrend channel 6.9166 kept intact for now

  • Fri close above maintains bullish bias, but 200 DMA caps 6.9533

  • USD/JPY charging back up on BOJ dovish tone inspires bulls

  • BOJ says to continue with easy policy amid uncertainty

  • Also says will take 1-1.5 yrs to review policy nT9N36A02E

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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