FxWirePro: Japanese yen falls in early Asia after BOJ’s meeting minutes

• USD/JPY is currently trading around 111.27 marks.
   
• It made intraday high at 111.34 and low at 111.06 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 110.62 marks.
   
• A daily close above 111.10 will take the parity higher towards key resistances around 112.07, 112.86, 113.57, 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 111.10 will drag the parity down towards key supports around 110.62, 109.27, 108.32, 106.72, 106.03 and 104.96 levels respectively.
   
• BOJ June meeting minutes - Many members agreed need to keep policy easy because 2 pct inflation target still distant.
   
• BOJ June meeting minutes - One member said 2 pct inflation target allows for less freedom, should be more flexible.
   
• BOJ June meeting minutes - A few members said important to explain how exit will impact boj's finances.
   
• BOJ June meeting minutes - Several members said providing information on exit could cause market turbulence.

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