USDJPY gained over 130 pips after BOJ signaled to continue easing.
The bullish wave has completed a significant wave of retracement after reaching 112.
It is highly probable that USDJPY will continue another wave of appreciation fundamentally where the Fed continues its effort to raise rate and BOJ continued to ease monetary policy.
The technical rebound and supported by a H4 rising trendline also proved that the price has more bullish potential.
The bullish wave has completed a significant wave of retracement after reaching 112.
It is highly probable that USDJPY will continue another wave of appreciation fundamentally where the Fed continues its effort to raise rate and BOJ continued to ease monetary policy.
The technical rebound and supported by a H4 rising trendline also proved that the price has more bullish potential.