FxWirePro: Japanese Yen Recovers from 3-Week Low in Early Asia, FOMC and BoJ in Focus for the Week

FxWirePro: Japanese Yen Recovers from 3-Week Low in Early Asia, FOMC and BoJ in Focus for the Week

25 April 2016, 04:53
Roberto Jacobs
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FxWirePro: Japanese Yen Recovers from 3-Week Low in Early Asia, FOMC and BoJ in Focus for the Week

  • USD/JPY is currently trading around 111.35 marks. 
  • It made intraday high at 111.88 and low at 111.25 levels. 
  • Intraday bias remains bearish till the time pair holds key resistance at 111.88 marks. 
  • A sustained close above 112 will take the parity higher towards 112.60 and 113.42 levels. 
  • Alternatively, a daily close below 109.89 will drag the parity down towards key supports at 109.48 and 107.87 levels respectively. 
  • This week will be important as U.S. and Japan both will release monetary policy statements. 

The material has been provided by InstaForex Company - www.instaforex.com



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