FxWirePro: Japanese yen remains unchanged after BOJ’s monetary policy meeting minutes
USD/JPY is currently trading around 110.08 marks. It made intraday high at 110.14 and low at 109.85 levels. Intraday bias remains slightly bullish till the time pair holds key support at 109.55 marks. A daily close above…
It made intraday high at 110.14 and low at 109.85 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 109.55 marks.
A daily close above 110.05 will take the parity higher towards key resistances around 110.85, 111.40, 111.87, 112.56 and 113.44 levels respectively.
On the other side, a sustained close below 110.05 will drag the parity down towards key supports around 109.55, 108.34, 107.65, 106.98, 106.61 and 105.98 levels respectively.
BOJ April meeting minutes - Members noted that companies likely to gradually shift toward raising wages and prices.
BOJ minutes - Many members said necessary to maintain current easy policy.
BOJ minutes - Some members said important to monitor impact of monetary easing on financial system.
Tokyo's Nikkei share average opens up 0.27 pct at 22,338.53.
