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FxWirePro: USD/JPY hovers around 109.60 mark, BOJ’s policy rate decision in focus

  • USD/JPY is currently trading around 109.57 marks.
     
  • It made intraday high at 109.68 mark and low at 109.52 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 109.54 will take the parity higher towards key resistances around 109.72, 110.70, 111.44 and 112.40 levels respectively.
     
  • On the other side, a sustained close below 109.21 will drag the parity down towards key supports around 108.40, 108.02, 107.47, 106.76, 105.95, 104.00 and 102.22 levels respectively.
     
  • Japan’s Nikkei was trading 0.32 pct lower at 23,858.50 points.
     
  • Japan’s foreign bond buying stands at 511.9B vs 235.7B previous release.
     
  • Japan’s foreign investment stands at -52.1B vs -200.3B.
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