On Monday morning Haruhiko Kuroda (BOJ governor) had a public speech. He said that BOJ will add stimulus without hesitation if needed, to achieved 2% of inflation. Japanese yen reacted weakening. However at some currencies reaction was bigger than in others.
Small reaction was at EURJPY and USDJPY. Much bigger at CADJPY, where price sharply moved up. Price exceeded local high and resistance at 83.55 was broken. Price is continuing its upward movement. Minimum target for bulls is located at 84.30. If that level is crashed, price will continue upward move towards 86.20. Alternatively if decline returns nearest supports will be located at: 83.55, 83.15, 82.78.
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