USD/JPY July Recovery at Risk on Wait-and-See FOMC/BoJ Policy

The diverging paths between the Federal Open Market Committee (FOMC) and the Bank of Japan (BoJ) may encourage market participants to adopt a long-term bullish bias for USD/JPY, but the fresh batch of central bank rhetoric may heavily impact the near-term outlook should the policy statements show a greater willingness to retain the status quo.


from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2016/07/23/USDJPY-July-Recovery-at-Risk-on-Wait-and-See-FOMCBoJ-PolicytofDS.html?DFXfeeds=forex:fundamental:forecast:weekly:jpy