FxWirePro: Japanese yen falls ahead of BOJ’s policy rate decision
USD/JPY is currently trading around 111.23 marks. It made intraday high at 111.40 and low at 110.99 levels. Intraday bias remains neutral till the time pair holds key resistance at 111.77 marks. A daily close above 111.0…
It made intraday high at 111.40 and low at 110.99 levels.
Intraday bias remains neutral till the time pair holds key resistance at 111.77 marks.
A daily close above 111.04 will take the parity higher towards key resistances around 111.77, 112.20, 112.86, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 111.04 will drag the parity down towards key supports around 110.87, 109.60, 108.32, 106.72, 106.03 and 104.96 levels respectively.
Markets await BOJ’s policy rate decision as well as monetary policy statements.
