South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
FxWirePro: GBP/USD slide extends as UK political tumult intensifies 
BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
FxWirePro: EUR/AUD downward momentum remains in place 
FxWirePro: GBP/NZD downtrend extends, remains on bearish path 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
FxWirePro: GBP/AUD slips lower amid heightened UK political uncertainty 
FxWirePro: NZD/USD soured risk gives US Dollar bulls the win 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Today Japan released Current account data with positive numbers. It's directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country.
- In addition average Cash earning data was released with Negative numbers at 0.1% vs 0.7% expected.
- Moreover, BOJ released a summary of opinions at their January 28-29 meeting. Such report confirmed that Bank of Japan board members were totally divided over the cost of adding a potentially contradictory negative interest rate policy to the bank's easing programme.
- According to the report - "QQE with a Negative Interest Rate" is expected to bring about a further decline in expected real interest rates by lowering the short end of the yield curve, in combination with large-scale purchases of JGBs."
- Pair is currently trading above 117.00 marks, made intraday high at 117.27 and low at 116.77 levels.
- On the Top side resistance levels are seen around 118.24 and 119.02 levels.
- On the other side, resistance levels are seen at 116.29, 115.97 and 115.32 levels.
We prefer to take long position in USDJPY at current level around 117.25, stop loss 116.29 and target 119.02 levels.
