FxWirePro: Japanese yen marginally lower ahead of BOJ’s monetary policy
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…
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.
