FxWirePro: Japanese yen trades marginally higher after BOJ’s monetary policy meeting minutes
USD/JPY is currently trading around 108.93 marks. It made intraday high at 109.20 and low at 108.82 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 109.82 mark. A daily close abo…
It made intraday high at 109.20 and low at 108.82 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 109.82 mark.
A daily close above 109.05 will take the parity higher towards key resistances around 109.82, 110.32, 110.92 and 111.87 levels respectively.
On the other side, a sustained close below 109.05 will drag the parity down towards key supports around 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
Tokyo's Nikkei share average opens up 0.18 pct at 22,513.22.
BOJ March meeting minutes - Most members shared view momentum toward hitting price target was being maintained.
BOJ March meeting minutes - Many members said BOJ should maintain easy policy as still long way to go to hit price goal.
BOJ March meeting minutes - Some members said BOJ should explain to public economy has not yet reached phase where it should consider timing, measures of exit from easy policy.
