FxWirePro: Japanese yen falls in early Asia after BOJ’s monetary policy meeting minutes, hits lowest level since July 2018
USD/JPY is currently trading around 112.91 marks. It made intraday high at 112.97 and low at 112.75 levels. Intraday bias remains bullish till the time pair holds key support at 112.40 mark. A daily close above 112.77 wi…
It made intraday high at 112.97 and low at 112.75 levels.
Intraday bias remains bullish till the time pair holds key support at 112.40 mark.
A daily close above 112.77 will take the parity higher towards key resistances around 113.17, 114.73 and 115.90 levels respectively.
On the other side, a sustained close below 112.77 will drag the parity down towards key supports around 112.40, 111.75, 110.38, 109.96, 109.36 and 108.34 levels respectively.
Tokyo's Nikkei share average opens up 0.05 pct at 23,881.85.
BOJ minutes - Most members agreed to proposal Chairman Kuroda should make clear at briefing that yields would be allowed to move up, down at double the current range.
BOJ minutes - Govt representative said Government welcomed proposals presented at meeting as steps that would strengthen framework for monetary easing.
