- Pair is currently trading at 113.62 levels.
- It made intraday high at 113.75 and low at 113.24 levels.
- TodayBank of Japan Governor Haruhiko Kuroda told Japan's parliament that the Central bank was not currently considering taking interest rates further into negative territory.
- Pair traded 0.29% lower at 113.24 on Friday morning in Tokyo, easing from 113.68 at the close of trade in New York on Thursday.
- Intraday bias remains neutral till the time pair holds key support levels at 110.98 marks.
- On the top side key resistance falls at 114.87 marks and pair likely to consolidates below 114.87 marks.
- A daily close above 114.87 is required to confirm the bullish trend.
- Later today US will publish NFP job data. This will provide further direction to the parity.
We prefer to take long position in USD/JPY around 113.35, stop loss 112.15 and targets 114.50/115.26 levels.
