- USD/JPY is currently trading around 111.23 marks.
- It made intraday high at 111.40 and low at 110.99 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 111.77 marks.
- A daily close above 111.04 will take the parity higher towards key resistances around 111.77, 112.20, 112.86, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
- On the other side, a sustained close below 111.04 will drag the parity down towards key supports around 110.87, 109.60, 108.32, 106.72, 106.03 and 104.96 levels respectively.
- Markets await BOJ’s policy rate decision as well as monetary policy statements.
The material has been provided by InstaForex Company – www.instaforex.com
April 27, 2017 at 08:19AM
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