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

  • USD/JPY is currently trading around 107.11 marks.
     
  • It made intraday high at 107.41 and low at 107.10 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 107.31 marks.
     
  • A daily close above 107.31 will take the parity higher towards key resistances around 108.14, 109.62, 110.70, 111.44, 112.40, 112.88 and 113.26 levels respectively.
     
  • On the other side, a sustained close below 107.29 will drag the parity down towards key supports around 106.62, 105.25 and 104.00 levels respectively.
     
  • Tokyo's nikkei share average opens down 0.23 pct at 21,238.07.

BOJ minutes - Govt representative said govt recognised BOJ's clarification of forward guidance was aimed at making clearer its intention to continue with monetary easing.

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