USD/JPY posted slight losses 4/25

Later in the day, Japan releases Tokyo Core CPI and retail sales. In the U.S., durable goods orders is expected to rebound with a gain of 0.7%, after a sharp drop of 1.6% in the previous release. Core durable goods is projected to gain 0.2%. As well, unemployment claims is forecast to rise to 199 thousand. On Friday, the U.S. releases the initial reading for first-quarter GDP, with an estimate of 2.2%. We’ll also get a look at UoM consumer sentiment, which is expected to drop to 97.1 points. Coach's Corner Premium is an interactive training service designed to help Forex traders attain Forex trading mastery via video courses, daily analysis videos, weekly webinars and interaction with mentors and other traders. As expected, the Bank of Japan made no changes to monetary policy, maintaining short and long-term interest rates at extremely low levels. However, the markets reacted after the bank announced that rates would be frozen until the spring of 2020 at the earliest. Despite years of ultra-low rates, inflation remains stubbornly low, as the BoJ target of 2.0% remains elusive. There is a growing perception that policymakers have run out of ideas and tools for creating stimulus. The economic shock of the global trade war has hampered the Japanese economy, which is heavily dependent on trade with the U.S. and China. There have been reports of significant progress in trade talks between the U.S. and Chinese officials, but until a deal is signed, Japan’s economy will likely continue to flounder, making the yen less desirable to investors. USD/JPY posted slight losses in the Asian session and this trend continues in European trade •110.90 is providing support •112.16 was tested earlier in resistance. It is a weak line •Current range: 110.90 to 112.16