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FxWirePro: USD/JPY hits fresh 2-week high at 111.14 mark, markets await BOJ’s policy rate decision

  • USD/JPY is currently trading around 111.03 marks.
     
  • It made intraday high at 111.14 and low at 110.81 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 110.94 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 110.94 will drag the parity down towards key supports around 109.27, 108.32, 106.72, 106.03 and 104.96 levels respectively.
     
  • BOJ will release latest monetary policy statement and policy rate today.
  • Market Data
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