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FxWirePro: Japanese yen almost flat against major peers after BOJ’s meeting minutes

  • USD/JPY is currently trading around 117.22 marks.
     
  • It made intraday high at 117.36 and low at 117.07 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 117.97 will take the parity higher towards key resistances around 118.66, 119.52 and 120.46 levels respectively.
     
  • On the other side, a sustained close below 117.00 will drag the parity down towards key supports around 116.54, 114.77, 113.98, 113.13, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
     
  • BOJ October 31- November 1 meeting minutes: Most members shared recognition that momentum toward achieving price target was being maintained.
     
  • BOJ minutes: Members shared the view that the yield curve for JGBs had been formed smoothly in line with the guideline for market operations.
     
  • BOJ minutes: One member said BOJ should attach less importance to JGB purchase amount in due course.
     
  • BOJ minutes: One member said BOJ should allow interest rates to decline below zero pct in response to negative shocks.
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