FxWirePro: Japanese yen trades marginally higher after BOJ’s monetary policy meeting minutes
USD/JPY is currently trading around 111.36 marks. It made intraday high at 111.48 and low at 111.25 levels. Intraday bias remains bearish till the time pair holds key resistance at 111.78 marks. A daily close above 111.4…
It made intraday high at 111.48 and low at 111.25 levels.
Intraday bias remains bearish till the time pair holds key resistance at 111.78 marks.
A daily close above 111.42 will take the parity higher towards key resistances around 111.84, 112.62, 113.79, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 111.42 will drag the parity down towards key supports around 110.70, 109.27, 108.32, 106.72, 106.03 and 104.96 levels respectively.
BOJ April meeting minutes - Members agreed JGB purchases will fluctuate somewhat under YCC.
BOJ April meeting minutes - Members agreed inflation expectations remain weak.
BOJ April meeting minutes - Members agreed that gains in industrial production will continue.
BOJ April meeting minutes - Members agreed there is high chance exports will continue to show solid gains.
