central bank can shrink its balance sheet -Reuters Reported

The Day Scheduled With Full Economic Events -GBP/USD
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USDJPY and Elliot
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Reuters reported 

 Bank of Japan Governor Haruhiko Kuroda said on Monday he was confident the central bank can shrink its balance sheet at an appropriate pace when it exits ultra-loose monetary policy.”

Bank of Japan governor keeping continuous effort to control inflation and trying to achieve 2% inflation. For this bank of Japan continuously making efforts by changing the monetary stands.

As with the news impact we have seen many movements and volatility inYen  in financial markets.

We will be discussing few of them as follows.
  • GBPJPY holding the support of 144 levels which is getting crucial for the next movement.
  • USDJPY uptrend likely to be continue in this trend no sign of breach of support in USD JPY.
Making a short conclusion with recent picture in the YEN pairs Japanese yen showing the weakness.


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