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FxWirePro: Japanese yen trades marginally higher after BOJ’s monetary policy meeting minutes

USD/JPY is currently trading around 107.11 marks. It made intraday high at 107.41 and low at 107.10 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 107.31 marks. A daily close ab…

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FxWirePro: Japanese yen trades marginally higher after BOJ’s monetary policy meeting minutes
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  • USD/JPY is currently trading around 107.11 marks.
     
  • It made intraday high at 107.41 and low at 107.10 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 107.31 marks.
     
  • A daily close above 107.31 will take the parity higher towards key resistances around 108.14, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
     
  • On the other side, a sustained close below 107.29 will drag the parity down towards key supports around 106.62, 105.25 and 104.00 levels respectively.
     
  • Tokyo's nikkei share average opens down 0.23 pct at 21,238.07.

BOJ minutes - Govt representative said govt recognised BOJ's clarification of forward guidance was aimed at making clearer its intention to continue with monetary easing.

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