FxWirePro: Japanese yen marginally lower ahead of BOJ’s monetary policy
Tuesday, December 20, 2016 2:09 AM UTC
- USD/JPY is currently trading around 117.30 marks.
- It made intraday high at 117.40 and low at 116.98 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 117.97 will take the parity higher towards key resistances around 118.66, 119.52 and 120.46 levels respectively.
- On the other side, a sustained close below 116.54 will drag the parity down towards key supports around 114.77, 113.98, 113.13, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
- BOJ will release policy rate as well as monetary policy statements due in some time.