#LCMSTradersAcademy# #OPINIONLEADER# Afternoon market update 23 09 2021: JPY pairs and Gold was in focus for today's currency call after Gim Hong gave his detailed insights into The FOMC Economic Projections released earlier today and how that impacts the DXY. For the JPY pairs the USDJPY is currently holding in a tight trading range and a move over the recent highs of 110.90 is seen or a break below 108.90 takes place this pair is a no trade given the lack of clear price direction. The GBPJPY is offering a buying opportunity on a small pull back to 149.60 entering at 149.70 using a 40 pip stop loss and a 80 pip take profit after the Bank of England (BoE) MPC Meeting Minutes coming out at 19:00 GMT+8. Also worth paying attention to the BoE QE Total (Sep) and if it comes out at below 875B as expected, this would be a bullish catalyst for the GBP and conicide with the DXY holding steady or even pulling back slightly after it's reaction earlier today to test and get rejected at 93.45. An agressive entry will be after the PMI data is released for the GBP at 16:00 GMT+8 to help start the buying momentum. The EURJPY is a similar set up then the GBPJPY although the upside is a tad bit more constrained given it's around 60 pips from the next resistance level at 129.13, an entry after the PMI data is released at 16:00 GMT+8 is possible with patience on allowing for a pull back closer to that 128.00 support level before an entry after a bounce getting in at around 128.30 dependent on the price action, and using a 30 pip stop loss and 60 pip take profit. With a focus on closely managing the position given the recent increased market volatility post FOMC Meetings. For Gold as it trades below the 1777 resistance zone buys for a longer term play can be left until a more substantial pull takes place as the break over 1777 has posed a lot of challenges with buyers fading over 1800. A move well below 1680 would be a point of interest and involve sitting out and waiting on developments from the Fed and how markets be