USDJPY 10 Trillion Yen Wasn’t Enough

The USDJPY went on a rollercoaster ride in early Asian trading Wednesday.  After news surfaced that the BOJ expanded its monetary easing by 10 trillion yen the USDJPY moved higher to test trend line resistance at 79.20.  The cross was quickly rebuffed at this level.  From this point it will take a break of trend line resistance around 79.10 to send the pair higher.  Until that point support can be found at the weekly low around 78.15. 

Sup  78.15

Res   79.20

Keane Plan…Watching price action near 78.15

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