From the start of this week USD has been a two-edged after breaking the ascending trendline. The USDJPY pair was struggling to make a decision since last week focusing on FOMC and Fed. Staying with the Fed, the fact that some participants have been looking for a slightly hawkish tilt to the dots only to find that the Fed doesn’t see a rate hike happening until sometime in 2020, markets unwound dollar positions and as the US 10 year yield dropped sharply to 2.52% from 2.59%, having traded as high as 2.61% pre Fed. As of writing, price at 110.436, the pair is expected to bounce back up with minimum risk reward at 110.200 targeting a short term trend unto 111.000. On the other side, breaking below this 110.400 support region, may fall till 109.800.

USDJPY TODAY:
Daily open: 110.687
Daily Last high: 110.746
Daily Last Low: 110.297
Daily current growth: -0.22%