BOJ is poised to raise rates to highest in 17 years this coming Friday
Price already has a Bearish RSI Divergence and below 155 (50 Day EMA, red ma) will Trigger a BREAKDOWN
Which then opens Downside Targets to 153/ 152/ 150🎯& even lower levels📉 This could be a Trend Change on the Weekly Timeframe as well given it would be driven by Central Bank Rate Decision
Please Note: BOJ meets Jan 23-24, decision expected 0330-0430GMT Friday Board likely to raise short-term rates to 0.5% from 0.25% BOJ seen raising price forecast, flag brightening wage outlook Markets focusing on hints on pace, timing of subsequent hikes Governor Ueda to brief media 0630GMT Friday