FxWirePro: Japanese yen strengthens ahead of BOJ’s policy rate decision
Tuesday, January 21, 2020 2:51 AM UTC
- USD/JPY is currently trading around 109.93 marks.
- It made intraday high at 110.22 mark and low at 109.89 levels.
- Intraday bias remains bearish for the moment.
- A daily close above 110.22 will take the parity higher towards key resistances around 110.22, 110.70, 111.44 and 112.40 levels respectively.
- On the other side, a sustained close below 109.62 will drag the parity down towards key supports around 109.02, 107.77, 106.76, 105.95, 104.00 and 102.22 levels respectively.
- Japan’s Nikkei was trading 0.88 pct lower at 23,872.50 points.