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EURJPY in a new bullish trend ? - High Risk

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EURJPY in a new bullish trend ? - High Risk

Once again all JPY pairs are rising and the bullish momentum is rising slowly.

This is in line with the comments from BOJ's influential deputy governor who said that the central bank won't hike interest rates when markets are unstable, decreasing the chance of a near-term hike in borrowing costs.

The Bank of Japan unexpectedly turned cautious on rate hikes amidst market volatility, which led to a sharp fall in the yen.

We may see all XXXJPY pairs rising slowly again.

You may find more details in the chart!
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stay away from this trade ...it is not rising