Japanese Yen Drops Against Majors
The market moved up 219 ticks.
219 ticks = $2,737.50 per contract(about 9 trading days)
When the blue line (forecast) crossed above the black line (actual), VantagePoint predicted the market to trend up. The Neural Index at 1.00 also indicated an expected up trend.
The Japanese yen lost ground across the board on Wednesday morning in Asia plunging to multi-day lows against its major counterparts.
Traders are eagerly awaiting the Bank of Japan's rate decision today. At the end of a two-day monetary policy meeting, the Bank of Japan is expected to keep its target for the unsecured overnight call money rate unchanged at 0.1%.
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