USD/JPY is on the brink of breaking out of the descending wedge as the Bank of Japan (BoJ) called for an unscheduled meeting that is likely to result in introducing new measures to support the embattled economy. Fundamental analysis: New measures to provide funds The BoJ scheduled an extraordinary meeting on Friday, May 22, to discuss a new set of activities aimed at providing fresh funds to the economy and businesses, the Nikkei reports. After the last meeting of the bank on April 27, the BoJ Governor Kuroda hinted that the bank may not wait until June 16, when the
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