- Speculation that the BoJ will be adding further stimulus very soon is keeping the yen subdued.
- USD/JPY has broken major trendline support at 106.40, has hit session highs at 106.72 before pating some gains to currently trade at 106.63.
- Intraday bias higher, focus remains on BoJ and FOMC policy meets, additional stimulus from BoJ likely while FOMC is expected to hold.
- Techs support further upside in the pair, weakness only below 105.42.
- Supports on the downside are seen at 105.98 (50-DMA), 105.68 (10-DMA) and then 105.42 (July 21 low).
- Resistance on the upside is seen at 107, 107.90 (June 7 high) and then 108.15 (100-DMA).
Recommendation: Good to buy on dips around 106.50, SL: 106, TP: 107/ 107.25/ 107.90


FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro- Major European Indices
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: AUD/USD dips on soft China data
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 



