FxWirePro: Japanese yen trades almost flat in early Asia ahead of BOJ’s policy rate decision, faces immediate resistance at 110.85 mark
USD/JPY is currently trading around 110.54 marks. It made intraday high at 110.69 and low at 110.45 levels. Intraday bias remains neutral till the time pair holds key resistance at 110.85 marks. A daily close above 110.6…
It made intraday high at 110.69 and low at 110.45 levels.
Intraday bias remains neutral till the time pair holds key resistance at 110.85 marks.
A daily close above 110.62 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 110.62 will drag the parity down towards key supports around 109.82, 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
Tokyo's nikkei share average opens up 0.64 pct at 22,883.24.
Japan June TR IPSOS PCSI increase to 46.85 vs previous 43.6.
