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FxWirePro: USD/JPY in tight range during Asian hours, intraday bias remains neutral

USD/JPY is currently trading around 111.19 marks. It made intraday high at 111.29 and low at 110.95 levels. Intraday bias remains neutral for the moment. A sustained close above 111.32 will take the parity higher towards…

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FxWirePro: USD/JPY in tight range during Asian hours, intraday bias remains neutral
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  • USD/JPY is currently trading around 111.19 marks.
     
  • It made intraday high at 111.29 and low at 110.95 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A sustained close above 111.32 will take the parity higher towards 111.88/112.60 and 113.42 levels respectively.
     
  • Alternatively, a break below 110.95 will drag the parity down towards key supports at 110.32, 109.48 and 107.87 levels respectively.
     
  • This week will be important as U.S. and Japan both will release monetary policy statements.  

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