OctaFX | OctaFX Forex Broker
Entrar
Abrir conta
Back

Forex: USD/JPY dips to session lows post-BoJ minutes

With BoJ minutes just released, on an upbeat tone, and Japanese officials making statements related to uncertainty in selecting next BoJ governor, USD/JPY had a small hit printing fresh session lows at 93.58, last at 93.71, retracing from yesterday's weekly highs at 94.22, leaving the pair almost flat for the week so far. Nikkei index opens down -0.63%.

As Valeria Bednarik, Chief Analyst at Fxstreet.com states: “The lack of volume has left short term charts’ readings neutral, but in the 4 hours chart the pair presents a bullish stance, which helps prevent slides along with buying interest,” the analyst notes, adding: “Approaches to 93.50 yet failure to break below will probably anticipate an advance back towards 94.50 area, while once above there’s scope for a test of the 95.00 price zone,” she concludes.

Valeria locates support levels at: 93.50, 93.10 and 92.60, while resistance levels at: 94.15, 94.50 and 94.90.

BoJ minutes overshadowed by Aso's headlines

The BoJ Minutes has been overshadowed by recent comments from Japan's Finance Minister Mr. Aso, who said there is currently no plans to buy foreign bonds through plans.
Leia mais Previous

RBA retains easing bias, no urgency noted

On its RBA minutes release, the central bank said there are early indications that the easing campaign is having positive impact on consumers. The RBA considers there is still room to ease further, if necessary. One of the factors that allows the RBA to cut further would be the inflation outlook, which remains around average mandate.
Leia mais Next
Começar chat ao vivo