Dollar-yen seems to have made a decisive breakoutUS Dollar/Japanese YenFX:USDJPYMichael_Stark_ExnessBoth the Fed and the BoJ reaffirmed their cautious approaches to changing rates in recent days, but the dollar had the larger boost. The next cut by the Fed isn’t expected until the end of October. While the BoJ upgraded its expectations for inflation this fiscal year, the impact of trade wars on both sides is still developing. Havens haven’t had significant inflows after new tariffs came into force on 1 August. ¥150 is a key psychological area which still hasn’t been clearly broken, so it’d be possible to see consolidation rather than continuation in the near future depending on the results of the upcoming NFP, especially considering overbought signals from the slow stochastic and Bollinger Bands. February and March’s high around ¥151 looks like a possible area of resistance. The 38.2% weekly Fibonacci retracement definitely seems to have been broken so it might now flip to being a support. Dynamic support could also come from the 200 SMA around ¥148.90. As for euro-dollar, the next immediate movement (or lack thereof) depends mainly on the NFP. Some degree of positive surprise might be priced in since the consensus of 110,000 for total nonfarm seems low relative to the last several months of stronger results. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.