USD/JPY - 121.11
The greenback's over 2% jump to a fresh 1-month peak at 121.42 after Bank of Japan announced negative interest rates on Friday suggests recent erratic upmove remains in progress and consolidation with upside bias would be seen for gain towards 121.70/80, however, over bought condition would prevent steep gain above there and risk would increase for a much-needed correction early next week.
On the downside, only below support at 119.60 would confirm a temporary top has been made and risk stronger retracement towards 119.10/20.
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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