USDJPY - Is this the end of negative rates?
USDJPY Analysis - End of the Negative Interest Rate Policy? Kazo Ueda, Governor Bank of Japan USDJPY Daily Chart A glance at the daily chart shows the order flow has turned bearish. Driving this rally are the recent hawkish statements by the Bank of Japan members. Traders are interpreting this as a sign that the BOJ plans to exit the negative interest rate policy. The governor's comments on inflation were more positive than in previous meetings, signalling a path to policy normalisation. The central bank is considering whether to retain the negative rates, a clear hawkish sign that saw bulls rush for the exits. I did have an open trade and was hoping the price would touch the 152 level before we saw a major sell-off. I have since exited the JPY position. I am a technical trader but I do read fundamentals just to be aware of what is driving price action for the long ter