Instrument: EURJPY
Bullish Preference:
Buy position is envisaged if price trades above 156.057 with take profit at 156.403.
Bearish Preference:
Sell position is envisaged if price trades below 155.620 with take profit at 155.364.
Fundamentals:
None with High Impact
Comment:
The BOJ had largely stood pat on its ultra-loose policy earlier in June, with signs that inflation had peaked giving the bank slightly more headroom to keep interest rates low. But this has weighed heavily on the yen, amid a widening gap between local and offshore interest rates.
Analysis: SCRUM Team