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Greetings, Everyone!
A massive Data Point Day… we clock in and begin with the Bank of Japan Interest Rate Decision in about 3 1/2 hours or so… with Consensus widely “Priced-In” with a Hold on Interest Rates at 0.1%.
Not surprisingly… Price Action is “Muted” ahead of the Release, but we shall stay with Her since we are now into the Asian Session.
We may see some volatility despite this Sentiment… as we are at crucial Levels on USD/JPY, and still “hovering” around the 98.50 Area.
The coveted 100.00 Level is surely protected by Options Barriers… so Bullish Views need to at least breach the 99.60’s Resistance Areas to get “within range”.
In the Long-Term… we do see a probability of Price Appreciation continuing… and finally breaching the 100.00 Massive Level… ( perhaps even on to the 102.00 Handle in a few weeks. )
We Re-Post our Monthly View from quite some time back.. and keep the exact same Levels…as they are still valid on this Time-Cycle.
Give the Captures a Click, as always… and Post-Time is 0:30 GMT.
Now we drill down a bit to the Daily… and finally to the Hourly.
We will deal directly with the rest of the Data Points and their Releases as we head into the European Session and the next Update… as well as throughout the rest of our Day!
