FxWirePro: USD/JPY hits fresh 5-month high at 110.77 after BOJ governor Kuroda’s comments
USD/JPY is currently trading around 110.65 marks. It made intraday high at 110.77 and low at 109.97 levels. Intraday bias remains bullish till the time pair holds key support at 107.77 levels. A daily close above 110.50 …
It made intraday high at 110.77 and low at 109.97 levels.
Intraday bias remains bullish till the time pair holds key support at 107.77 levels.
A daily close above 110.50 will take the parity higher towards key resistances around 110.83, 111.44, 112.58 and 114.55 levels respectively.
On the other side, a sustained break below 107.77 will drag the parity down towards key supports around 106.72, 106.03, 104.96, 103.75, 102.67, 101.56, 100.30, 99.27 and 98.78 levels respectively.
BOJ Governor Kuroda - BOJ conducted fixed-rate operations because yields in 2-5 yr zone rose rapidly.
BOJ Governor Kuroda - Felt rise in yields in 2-5 year zone was not appropriate.
BOJ Governor Kuroda - BOJ is prepared to conduct fixed-rate operations in an unlimited amount if needed.
BOJ Governor Kuroda - Not ruling out fixed-rate operations below market yields.
BOJ Governor Kuroda - Desirable for Forex to move stably in line with economic fundamentals.
BOJ Governor Kuroda - No comment on Forex levels or daily moves.
