FxWirePro: Japanese yen trades almost flat ahead of BOJ’s policy rate decision
USD/JPY is currently trading around 112.03 marks. It made intraday high at 112.23 and low at 111.99 levels. Intraday bias remains neutral till the time pair holds key resistance at 112.40 mark. A daily close above 112.17…
It made intraday high at 112.23 and low at 111.99 levels.
Intraday bias remains neutral till the time pair holds key resistance at 112.40 mark.
A daily close above 112.17 will take the parity higher towards key resistances around 112.40, 112.88, 113.26, 114.54 and 115.24 levels respectively.
On the other side, a sustained close below 112.17 will drag the parity down towards key supports around 111.68, 110.98, 109.90, 109.42, 108.49, 107.65 and 105.25 levels respectively.
BOJ will release key policy rate as well as monetary policy statement around 0300 GMT.
Tokyo's Nikkei share average opens down 0.08 pct at 22,183.32.
