BoJ board member Nakamura: BoJ must patiently maintain monetary easing
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Bank of Japan’s board member NakamuraToyoaki said that Japan’s economy is still in the midst of recovering from a pandemic-induced slump and that the central bank must patiently maintain monetary easing.
As per the pre-Tokyo-open analysis, USD/JPY is meeting a potential resistance area on the daily chart as the bulls move in on the 137.00s.
”If these were to hold, USD/JPY could face supply that may lead to a downside extension. On the flip side, a move in USD/JPY beyond the trendlines and 138.00 will leave the scope for a significant bullish correction with 140.00 and beyond eyed.”
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