It's the final day of the week and the yen settles downwards. Friday today had a welcome surprise with rising CPI helping Japan to rise closer to near 2% inflation aiming. The Bank of Japan monetary policy meeting is on October 27 & 28 will held new Information and There have been rumours of expected forecast downgrades to be included in the new outlook which probably will help the rise of yen pairs. As for Technical analysis we are near a gorge, a move forward means the downfall of USD/JPY bringing back the old resistance of 109-110 level. Zone than occupied more than 10 weeks in the past going side ways.
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| 1h chart of USD/JPY |
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