Dollar/yen moved higher as the Japanese determination to weaken the yen overcame the soft US data. We will now see how serious the BOJ is with its rate decision. There are other events as well. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.
Last week, the governor of the BOJ Masaaki Shirakawa announced the central bank will continuing its powerful monetary easing, but stressed that the governments is required to make structural reforms to boost the economy. He also stated that Japanese economy is required to beat deflation in order to increase its growth potential.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdjpy-outlook-april-23-27/"]USD/JPY Outlook April 23-27[/URL][/I][/B]
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