Perturbation after Bank of Japan event caused huge volatility at JPY currency pairs. BoJ surprised investors with its decision to allocate 300 billion yen for the ETFs investing primarily in companies from the Nikkei400 index. Just after that decision there were contradictory informations about the activities of the bank which resulted in higher volatility.
Yesterday USDJPY returned inside the consolidation in which it moved since November 7. Short after BoJ announcement price tested upper limit of consolidation and dynamic falls broke below support at 122.25 level. It is likely that declines will be continued. Targets for supply are at levels: 120.80, 118.80.
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