AUDJPY Chart Technical Outlook

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

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