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.…
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.
