FxWirePro: Japanese yen rises remarkably after BOJ’s policy rate decision, hits highest level since early January
USD/JPY is currently trading around 107.60 marks. It made intraday high at 108.14 and low at 107.55 levels. Intraday bias remains bearish till the time pair holds key resistance at 108.15 marks. A daily close above 108.1…
It made intraday high at 108.14 and low at 107.55 levels.
Intraday bias remains bearish till the time pair holds key resistance at 108.15 marks.
A daily close above 108.15 will take the parity higher towards key resistances around 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
On the other side, a sustained close below 108.00 will drag the parity down towards key supports around 107.55, 105.25 and 104.00 levels respectively.
Japan 20 June BOJ rate decision stays flat at -0.1 % (forecast -0.1 %) vs previous -0.1 %.
