FxWirePro: Japanese yen strengthens in early Asia after BOJ’s summary of opinions
USD/JPY is currently trading around 109.47 marks. It made intraday high at 110.00 and low at 109.45 levels. Intraday bias remains bearish till the time pair holds key resistance at 110.21 mark. A daily close above 109.97…
It made intraday high at 110.00 and low at 109.45 levels.
Intraday bias remains bearish till the time pair holds key resistance at 110.21 mark.
A daily close above 109.97 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 109.97 will drag the parity down towards key supports around 109.20, 108.34, 107.65, 106.98, 106.61 and 105.98 levels respectively.
BOJ June meeting summary - Appropriate to patiently continue strong easing under current policy framework.
BOJ summary - Inappropriate to forcibly push up prices in short term as sluggish prices aren't caused by simple factor like lack of demand.
BOJ summary - There's room for banks' intermediation to improve.
Tokyo's Nikkei share average opens up 0.12 pct at 22,543.56.
