FxWirePro: Yen falls against major peers after BOJ minutes
Wednesday, August 3, 2016 2:00 AM UTC
- USD/JPY is currently trading around 101.27 marks.
- It made intraday high at 101.34 and low at 100.85 levels.
- Intraday bias remains bullish till the time pair holds key support at 100.67 levels.
- A daily close above 101.76 will take the parity higher towards key resistances around 102.68, 103.39, 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
- On the other side, a sustained break below 100.67 will drag the parity down towards key supports at 99.99, 99.27 and 98.78 levels respectively.
- BOJ Minutes: Members shared view that inflation expectations had weakened recently but appeared to be rising on whole from long-term perspective.
- BOJ Minutes: One member said marginal effects of QQE had been diminishing.
- BOJ Minutes: One member said BOJ should modify JGB purchases as economy is no longer deflationary.
- BOJ Minutes: One member said BOJ policy has already shifted to interest rates from quantitative aspect of policy.