Japan meeting minutes may change Yen trend

Today we expect news from Japan. It will be meeting minutes from May. Looking at daily charts of most Yen pairs you could see similarities between current technical structure and that one of 2012. In 2012 after a long bearish trend Yen finally reversed and rose sharply. That is precisely what I expect for most Yen pairs any moment now. The data today at 23:50 GMT could be one of the best catalyst. It would show intentions of the Bank of Japan in the nearest future and this may unwind short Yen positions across the board. So, hope not to miss this trend changing event.