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Reserve Bank of India likely to stand pat in December

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

Philippine central bank keeps interest rate unchanged at 2 pct

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Daily outlook for USD/JPY: BofA Merrill Lynch

Wednesday, March 4, 2015 5:37 PM UTC

Quotes from BofA Merrill Lynch:

- USD/JPY is on the verge of completing its 3m range trade and resuming its long term bull trend for 120.49.

- A break of Triangle resistance (now 120.06) is the 1st sign that the bull trend is resuming, while a close above 120.49 confirms. Our upside target is 124.16/124.59.

- Below 118.15 points to continues range trading, while it will take a break of 116.27/115.56 to indicate a turn in the long-term bull trend.

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Daily outlook for USD/JPY: BofA Merrill Lynch

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