BoJ Uedao: Will maintain current monetary easing
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Bank of Japan´s governor Kazuo Ueda has crossed the wires saying that he told the G20 that Japan’s core consumer inflation, which is currently around 3%, is likely to fall back below 2% in the second half of this fiscal year.
The price is testing the 132.70s resistance but on continuous failures, a bearish bias will continue to build for the forthcoming sessions with eyes on a break of trendline support as illustrated above, putting the focus on a break below 132.00 and then 131.50.
More on the technical outlook here:
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