USD/JPY (a 4-hour chart)
Bank of Japan kept the base rate at close to zero level, with the support of the current stimulus package. This fact is not so surprising as Kuroda said that their decision was made just a month ago.
The amazing thing is that this time, no members of the Bank did not vote for the growth. If speculators do not believe Kuroda, then they will have to accept that in this quarter, the Bank of Japan is indeed set an incentive and perhaps even to the end of the year.
USD/JPY is above the Kijun-Sen and Tenkan-Sen, Kijun-Sen line is directed down, the Cloud is neutral.
Bollinger bands are narrowing, the middle line is directed downwards.
The MACD histogram is in a negative zone, below the signal line. The indicator is going down, supporting a sell signal.
Indicators show the continuation of the southern movement, but it is also possible and a correction.
The pair is directed downward. If the pressure continues the USD/JPY can go to the level 97.80. The next target of the southern movement is 96.55.
If the upward movement continues, the pair enters the Cloud and will be traded there. The goal of the upward movement is 98.70.