FxWirePro: Japanese yen falls in early Asia after BOJ’s monetary policy meeting minutes, hits lowest level since July 2018
Tuesday, September 25, 2018 1:14 AM UTC
- USD/JPY is currently trading around 112.91 marks.
- It made intraday high at 112.97 and low at 112.75 levels.
- Intraday bias remains bullish till the time pair holds key support at 112.40 mark.
- A daily close above 112.77 will take the parity higher towards key resistances around 113.17, 114.73 and 115.90 levels respectively.
- On the other side, a sustained close below 112.77 will drag the parity down towards key supports around 112.40, 111.75, 110.38, 109.96, 109.36 and 108.34 levels respectively.
- Tokyo's Nikkei share average opens up 0.05 pct at 23,881.85.
- BOJ minutes - Most members agreed to proposal Chairman Kuroda should make clear at briefing that yields would be allowed to move up, down at double the current range.
- BOJ minutes - Govt representative said Government welcomed proposals presented at meeting as steps that would strengthen framework for monetary easing.