FxWirePro: USD/JPY trades in narrow range ahead of BOJ’s policy rate decision
USD/JPY is currently trading around 111.94 marks. It made intraday high at 111.98 and low at 111.77 levels. Intraday bias remains neutral till the time pair holds key support at 111.55 marks. A daily close above 111.93 w…
It made intraday high at 111.98 and low at 111.77 levels.
Intraday bias remains neutral till the time pair holds key support at 111.55 marks.
A daily close above 111.93 will take the parity higher towards key resistances around 112.86, 113.57, 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 111.93 will drag the parity down towards key supports around 111.14, 110.65, 109.27, 108.32, 106.72, 106.03 and 104.96 levels respectively.
Japan June trade balance total yen increase to 439.9 bln jpy (forecast 484.7 bln jpy) vs previous -203.4 bln jpy.
