USD/JPY
The
Japanese yen fell by almost 150 pips yesterday and today continues falling, having overcome the level of
111.00. The
Bank of Japan left monetary policy unchanged, what fully met the market expectations.
All
are waiting the press conference of Haruhiko Kuroda now, but it is unlikely
that he will give even a small hint of shifting away from monetary incentives, considering
that consumer inflation in Japan
is still too far from the target level of the regulator. From
a technical point of view, a break of resistance of 111.00 in the USD/JPY will
provide an opportunity for growth to the next local level of 111.80.
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