USD JPY failed to increase on forex market
12/14/2016 8:57:26 AM
According to FOREX market trading, the USD/JPY currently trading around 115.10 area, expanded its integrative move and required a stable direction heading into the much predicted Fed monetary policy decision.
The central bank is generally expected to boost the federal-funds target range by 25 bps points to between 0.5% and 0.75%. Market members, though, will be searching for fresh insights over the central bank's monetary policy attitude for 2017 from the accompanying monetary policy statement.
Instant persistence on the upside is fixed at 115.55 area above which the pair is likely to make a fresh effort to overcome 116.10 handle and aim towards its next persistence near 116.70-75 area. On the downside, continued decline below 115.10 handle, leading to a following drop below 114.70, is likely to trigger a fresh wave of corrective slide towards 114.10 handle ahead of an important support near 113.20-30 area.
Forex Fundamental Analysis
Written by FxErvin