EURJPY Cross VALIDATED as of 01.29.16 Asia Session

Japan CPI data provided speculation on BOJ easing which pushed USDJPY high @121.40 level, and spilled-over to the EURJPY Cross rate @132.26 high in the Asian trading session. This has led to the BOJ rate cut into a negative 0.1%. 

This VALIDATES @megatrade101 MARKET CALL on EURJPY Cross rate with a trade position dated the 25th of January 2016, @128.30.  With the price break above the 118.80 equivalent USDJPY after the release of the CPI data and the sustaining levels with the EURUSD above the 1.0880 -1.0910 fueled by weight on more speculative actions by trades for more probable BOJ easing which added to the rapid price swing and pullback during the Asian session. Closing price levels for the week is closely monitored. As these price movements is a glimpse of the market's direction that would set the pace at the start of the new month's activity.

Reference to Market Call: EURJPY Comparative Analysis dated 01.25.16