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

  • USD/JPY is currently trading around 111.65 marks.
     
  • It made intraday high at 111.66 and low at 111.28 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 111.00 mark.
     
  • A daily close above 111.88 will take the parity higher towards key resistances around 112.60, 113.98, 114.54 and 115.24 levels respectively.
     
  • On the other side, a sustained close below 111.15 will drag the parity down towards key supports around 110.45, 109.42, 108.49, 107.65 and 105.25 levels respectively.
     
  • Tokyo's Nikkei share average opens down 0.08 pct at 21,548.65.
     
  • BOJ january meeting minutes - Most members agreed it was appropriate to persistently continue with powerful monetary easing.
     
  • BOJ minutes - Many board members said benefits of easing policy exceeding demerits.
  • Market Data
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