FxWirePro: Japanese yen trades marginally lower after BOJ’s monetary policy meeting minutes
USD/JPY is currently trading around 107.25 marks. It made intraday high at 107.25 and low at 106.99 levels. Intraday bias remains bullish till the time pair holds key support at 106.96 mark. A daily close above 107.52 wi…
It made intraday high at 107.25 and low at 106.99 levels.
Intraday bias remains bullish till the time pair holds key support at 106.96 mark.
A daily close above 107.52 will take the parity higher towards key resistances around 108.38, 108.95, 109.62, 110.70, 111.44 and 112.40 levels respectively.
On the other side, a sustained close below 107.04 will drag the parity down towards key supports around 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
Japan’s Nikkei was trading 0.60 pct lower at 21,966.45 points.
Japan CSPI y/y stands at 0.6 pct vs 0.6 pct previous release (expected 0.5 pct).
