USD/JPY (a 4-hour chart)
The BoJ head Kuroda hinted that the regulator may continue to lower the interest rates as the monetary policy easing has no boundaries. He also promised to develop new instruments to stimulate the economy.
The first support resides at 117.00, the next is at 116.20. The first resistance stands at 117.80, the next one is at 118.40.
There is a confirmed and a strong sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen shows a downward movement and the Kijun-sen shows a horizontal movement forming a “Dead Cross”. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is decreasing.
After the support level of 116.20 breakthrough down the way to the support 115.40 will be opened.