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FxWirePro: USD/JPY hits fresh 6-day low at 101.49, BOJ policy rate in focus

  • USD/JPY is currently trading around 101.67 marks.
     
  • It made intraday high at 101.78 and low at 101.49 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 102.65 levels.
     
  • A daily close above 102.65 will take the parity higher towards key resistances around 103.42, 104.13, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
     
  • On the other side, a sustained break below 101.49 will drag the parity down towards key supports at 100.48, 99.99, 99.27 and 98.78 levels respectively.
     
  • Japan’s August exports y/y increase to -9.6 % (forecast -4.8 %) vs previous -14 %.
     
  • Japan’s August imports y/y increase to -17.3 % (forecast -17.8 %) vs previous -24.7 %.
     
  • Japan’s August trade balance total yen decrease to -18.7 bln JPY (forecast 202.3 bln JPY) vs previous 513.5 bln JPY.
  • Market Data
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