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FxWirePro: Yen gains in early hours of Asia after Kuroda’s statements

USD/JPY is currently trading around 101.02 marks. It made intraday high at 101.40 and low at 100.94 levels. Intraday bias remains bearish till the time pair holds key resistance at 101.76 marks. A daily close above 102.5…

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FxWirePro: Yen gains in early hours of Asia after Kuroda’s statements
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  • USD/JPY is currently trading around 101.02 marks.
     
  • It made intraday high at 101.40 and low at 100.94 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 101.76 marks.
     
  • A daily close above 102.58 will take the parity higher towards key resistances around 103.78, 104.80, 106.12 and 107.46 levels respectively.
     
  • On the other side, a sustained break below 101.00 will drag the parity down towards key supports at 100.19, 99.27 and 98.82 levels respectively.
     
  • Today BOJ Governor Haruhiko Kuroda spoke at the Branch Managers meeting, in Tokyo.
     
  • BOJ Gov Kuroda - Japan's economy continues to recover moderately as a trend and expected to expand moderately.
     
  • BOJ Gov Kuroda – Japan’s consumer inflation likely to be slightly negative or around zero pct for time being.
     
  • BOJ Gov Kuroda – Japan’s financial system maintaining stability.
     
  • BOJ Gov Kuroda – BOJ will take additional easing steps via quantity, quality of asset buying and interest rates if needed.

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