Sasha Singh
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USDJPY Testing Key Resistance at 102.59

USDJPY strengthened on Bank of Japan Monetary Policy meeting minutes which says that the Bank might continue its stimulus program for more than two years. The surge in the currency pair was also supported by the positive US data came out yesterday. Yen also weakened against EUR. On the hourly chart of USDJPY the pair found resistance at 102.59 and currently testing this resistance and seems like it might break this resistance as depicted from the ascending triangle. Later today US data (Existing Home Sales) is also coming out at 10:00 AM EST which might drive the direction of USDJPY.