Yen keeps strengthening after Tokyo decided to postpone the tax raise, which was planned to be executed next year. Demand on yen increased after Takehiro Sato, one of the member of BOJ policy council said that the central bank should reform their policy work frame in order to reach inflation target at 2%. Sato is well known for his criticism on Haruhiko Kuroda’s policy approaches. 

Technically, USD/JPY remains under pressure. Yen may continue to strengthen if it managed to break the intraday key support at 108.515 with 108.196 and 107.928 in extension. 
Note that hourly stochastic is oversold. As alternative strategy, watch for bearish signal confirmation on a pull-back move to within the Fibonacci resistance area at 108.963-109.241 to go short with target at 108.792 and 108.515 in extension. 
Be careful if the price managed to break resistance at 109.241 because it will turn the intraday bias to bullish and possibly will be followed by bullish move up to 109.438-109.689. 

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