AUDJPY Chart Technical Outlook awaits more cues from the BOJ
All JPY pairs will be affected by the BOJ meeting due this Friday. Calendars expect holding rates steady at -0.1%. The recent comments from Governor Ueda were hawkish and signaled a probability of ending the negative Interest Rates on rising Inflation and Wages. Any deviation from the ultra-loose policy regarding Interest rate or YCC would push JPY higher.
Technical indicators support the bullish move, while the retailers’ sentiment is mixed.
I expect more range-bound price action.
95.70, 96.20
94.50, 93.70
