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FxWirePro: Japanese yen remains unchanged after BOJ’s monetary policy meeting minutes

  • USD/JPY is currently trading around 110.08 marks.
     
  • It made intraday high at 110.14 and low at 109.85 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 109.55 marks.
     
  • A daily close above 110.05 will take the parity higher towards key resistances around 110.85, 111.40, 111.87, 112.56 and 113.44 levels respectively.
     
  • On the other side, a sustained close below 110.05 will drag the parity down towards key supports around 109.55, 108.34, 107.65, 106.98, 106.61 and 105.98 levels respectively.
     
  • BOJ April meeting minutes - Members noted that companies likely to gradually shift toward raising wages and prices.
     
  • BOJ minutes - Many members said necessary to maintain current easy policy.
     
  • BOJ minutes - Some members said important to monitor impact of monetary easing on financial system.
     
  • Tokyo's Nikkei share average opens up 0.27 pct at 22,338.53.
  • Market Data
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