Recent price action has seen the USD fall sharply against the Yen as the BOJ announced that they will be keeping their key overnight loan rate unchanged at 0.10%. This is definitely not the follow through in price action I was expecting after this morning's announcements from Japan, but nevertheless has lead me to reconsider my wave count. It is possible an irregular flat is forming with a C leg still to complete before the next move upwards. I am holding my longs in the pair with my stop loss below the recent low at 84.80.
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