• FxWirePro: Japanese Yen strengthens in early Asia after boj’s summary of opinions

    Source: FxWire Pro - Technicals / 24 Jun 2018 22:06:58   America/New_York

    • USD/JPY is currently trading around 109.47 marks.
       
    • It made intraday high at 110.00 and low at 109.45 levels.
       
    • Intraday bias remains bearish till the time pair holds key resistance at 110.21 mark.
       
    • A daily close above 109.97 will take the parity higher towards key resistances around 110.85, 111.40, 111.87, 112.56 and 113.44 levels respectively.
       
    • On the other side, a sustained close below 109.97 will drag the parity down towards key supports around 109.20, 108.34, 107.65, 106.98, 106.61 and 105.98 levels respectively.
       
    • BOJ June meeting summary - Appropriate to patiently continue strong easing under current policy framework.
       
    • BOJ summary - Inappropriate to forcibly push up prices in short term as sluggish prices aren't caused by simple factor like lack of demand.
       
    • BOJ summary - There's room for banks' intermediation to improve.
       
    • Tokyo's Nikkei share average opens up 0.12 pct at 22,543.56.
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