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FxWirePro: Japanese yen trades marginally lower after BOJ’s monetary policy meeting minutes

  • USD/JPY is currently trading around 107.25 marks.
     
  • It made intraday high at 107.25 and low at 106.99 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 106.96 mark.
     
  • A daily close above 107.52 will take the parity higher towards key resistances around 108.38, 108.95, 109.62, 110.70, 111.44 and 112.40 levels respectively.
     
  • On the other side, a sustained close below 107.04 will drag the parity down towards key supports around 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
     
  • Japan’s Nikkei was trading 0.60 pct lower at 21,966.45 points.
     
  • Japan CSPI y/y stands at 0.6 pct vs 0.6 pct previous release (expected 0.5 pct).
  • Market Data
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