FxWirePro: USD/JPY almost flat at 102.55 mark in early hours, bias bearish below 103.38
USD/JPY is currently trading around 102.55 marks. It made intraday high at 102.67 and low at 102.42 levels. Intraday bias remains bearish till the time pair holds key resistance at 103.38 marks. A daily close above 103.4…
It made intraday high at 102.67 and low at 102.42 levels.
Intraday bias remains bearish till the time pair holds key resistance at 103.38 marks.
A daily close above 103.45 is required to take the parity higher towards key resistances around 103.78, 104.80, 106.12 and 107.46 levels respectively.
On the other side, a sustained break below 102.17 will drag the parity down towards key supports at 101.55, 100.98, 99.27 and 98.82 levels respectively.
Japan’s Monetary Base fell to 25.4%, from 25.5% in the preceding month.
US banks will be closed in observance of Independence Day.
