FxWirePro: USD/JPY hovers around 110.00 mark, G7 meeting in focus
USD/JPY is currently trading around 110.05 marks. It made intraday high at 110.07 and low at 109.84 levels. Intraday bias remains neutral for the moment. A daily close above 110.38 is required to take the parity higher t…
It made intraday high at 110.07 and low at 109.84 levels.
Intraday bias remains neutral for the moment.
A daily close above 110.38 is required to take the parity higher towards key resistances around 111.23, 112.60 and 113.42 levels respectively.
Alternatively, a sustained break below 109.69 will drag the parity down towards key support area at 108.27, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.
Today G7 meetings are attended by finance ministers and central bankers from 7 industrialized nations - Canada, Italy, France, Germany, Japan, the UK, and the US. A formal statement covering policy shifts and meeting objectives is usually released after the meetings have concluded.
