FxWirePro: Yen gains against major peers after BOJ Iwata’s comments
USD/JPY is currently trading around 101.05 marks. It made intraday high at 101.36 and low at 100.86 levels. Intraday bias remains bearish till the time pair holds key resistance at 101.56 levels. A daily close above 101.…
It made intraday high at 101.36 and low at 100.86 levels.
Intraday bias remains bearish till the time pair holds key resistance at 101.56 levels.
A daily close above 101.56 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 deputy Gov Iwata: BOJ decided to strengthen its monetary easing to prevent risks posed by overseas economies from hurting sentiment.
BOJ deputy Gov Iwata: Expect Japan economy to remain on gradual recovery path.
BOJ deputy Gov Iwata: Expect Govt stimulus spending to contribute a lot to growth this and next fiscal year.
BOJ deputy Gov Iwata: Yen gains, lack of improvement in inflation expectations behind slowdown in prices.
BOJ deputy Gov Iwata: Prepared to ease policy without hesitation if needed to meet 2 pct price target.
