FxWirePro: Japanese yen gains after BOJ’s comments
USD/JPY is currently trading around 110.65 marks. It made intraday high at 110.92 and low at 110.47 levels. Intraday bias remains bearish till the time pair holds key resistance at 111.58 marks. A daily close above 110.8…
It made intraday high at 110.92 and low at 110.47 levels.
Intraday bias remains bearish till the time pair holds key resistance at 111.58 marks.
A daily close above 110.89 will take the parity higher towards key resistances around 111.58, 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 110.89 will drag the parity down towards key supports around 110.17, 109.72, 106.72, 106.03 and 104.96 levels respectively.
BOJ governor Kuroda - BOJ's ETF purchases are part of policy to meet 2 pct inflation target.
BOJ governor Kuroda - Too early to talk about exit strategy from current monetary policy, which includes ETF purchases.
BOJ governor Kuroda - Not buying ETFs to achieve a specific stock price level.
BOJ governor Kuroda - ETF purchases are not distorting stock price discovery mechanism.
BOJ governor Kuroda - No comment on specific FX levels.
