FxWirePro- Major European Indices 
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EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
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FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro- Major Crypto levels and bias summary 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
Recent price action on world's equity markets, and bids on Yen indicating that Bears are still hovering. Concerns over further slowdown in China hasn't totally ebbed and it is going to be the hottest topic in this week's G20 leaders' summit followed by rate hike bets by US Federal Reserve.
Yen is now trapped under two forces, while central banks' policy divergence is likely to push Yen against Dollar, for which we had initiated long call few days back to target area of 124.5 and with stop around 116, recent low and critical support.
Though our call hasn't soured as stop loss remains quite far, we are temporarily withdrawing the call looking at recent price action and better risk reward.
Trade idea
- Sell USD/JPY with target around 114.5 area and stop loss around 121.6-122 area. We are expecting further turmoil in financial market.
Kindly note we are not in favor of this position beyond stop loss if risk aversion subsides.
