EURJPY long view 149.00-150.00

2022年10月28日

The Bank of Japan maintained its dovish monetary policy, leaving the interest rate at -0.10%. Looking at the chart, we see that there could be a pullback next week. Such a scenario is possible but unlikely after this morning's BOJ report. Now we could expect further growth to the 149.00-150.00 zone. If we follow the times of the intervention of the Ministry of Finance, the first was on September 22, the next after a month on October 21, and we could expect the third intervention again on November 20, 21. Until then, the EURUSD pair will likely be bullish.