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FxWirePro: Japanese yen rises immediately after BOJ’s policy rate decision

USD/JPY is currently trading around 106.68 marks. It made intraday high at 106.94 and low at 106.15 levels. Intraday bias remains slightly bullish for the moment. A daily close above 106.19 will take the parity higher to…

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FxWirePro: Japanese yen rises immediately after BOJ’s policy rate decision
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  • USD/JPY is currently trading around 106.68 marks.
     
  • It made intraday high at 106.94 and low at 106.15 levels.
     
  • Intraday bias remains slightly bullish for the moment.
     
  • A daily close above 106.19 will take the parity higher towards key resistances around 107.32, 107.90, 108.64, 110.32, 110.92 and 111.87 levels respectively.
     
  • On the other side, a sustained close below 106.19 will drag the parity down towards key supports around 105.35, 104.96 and 103.34 levels respectively.
     
  • BOJ rate decision stays flat at -0.1 % (forecast -0.1 %) vs previous -0.1 %.
     
  • Tokyo's Nikkei share average opens up 1.06 pct at 21,594.22.

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