The frustrating pair finally broke out of range and went south. Trade balance is the highlight of this week. Here?s an�outlook�for the Japanese events and an updated technical analysis for�USD/JPY.
Last week the�Bank of Japan�decided to maintain the overnight call rate at a range of 0 to 0.1% by a unanimous vote and did not change its any of its policy rulings . The BOJ announcedJapan’s economy is advancing with positive inflation figures. �The Bank is expectomg real GDP growth of 0.2-0.6% in fiscal 2011, and 2.5-3.0% in fiscal 2012. The yen enjoyed�the new talks about QE3, but as they faded away, the dollar managed to recover.
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