FxWirePro: Japanese yen almost flat against major peers ahead of BOJ’s monetary policy statement
Tuesday, January 31, 2017 1:21 AM UTC
- USD/JPY is currently trading around 113.81 marks.
- It made intraday high at 113.84 and low at 113.58 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 113.75 will take the parity higher towards key resistances around 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
- On the other side, a sustained close below 113.75 will drag the parity down towards key supports around 113.05, 112.52, 112.05, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
- In early hours of Asia, Japan released household spending and unemployment rate data.
- Japan’s December unemployment rate stays flat at 3.1 % (forecast 3.1 %) vs previous 3.1 %.
- Japan’s December all household spding y/y increases to -0.3 % (forecast -0.6 %) vs previous -1.5 %.
- Japan’s December industrial output prelim m/m decreases to 0.5 % (forecast 0.3 %) vs previous 1.5 %.