FxWirePro: Yen falls as BOJ keeps monetary policy steady
USD/JPY is currently trading around 104.93 marks. It made intraday high at 104.96 and low at 104.67 levels. Intraday bias remains bullish till the time pair holds key support at 104.40 levels. A daily close above 104.99 …
It made intraday high at 104.96 and low at 104.67 levels.
Intraday bias remains bullish till the time pair holds key support at 104.40 levels.
A daily close above 104.99 will take the parity higher towards key resistances around 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 104.40 will drag the parity down towards key supports around 104.02, 103.52, 102.67, 101.56, 100.30, 99.27 and 98.78 levels respectively.
Japan rate decision stays flat at -0.1 % (forecast -0.1 %) vs previous -0.1 %.
BOJ keeps monetary policy steady.
BOJ maintains short-term interest rate target at -0.1 pct.
BOJ: to buy JGBs more or less at current pace so holdings increase at annual pace of around 80 trln yen.
BOJ maintains 10-year JGB yield target around zero pct.
BOJ: prolonged low-interest rate environment could weigh on financial institutions' profits, destabilise financial system.
