USD/JPY just off day’s highs ahead of the BOJ

Author: Pete Jackson | Category: News

Sitting around 79.97 as we wait for the announcement (day’s high 80.00), with expectations currently of some JPY10 trillion of easing. Offers lie just above in the 80.00/10 area with some possible buy stops above ahead of further offers from 80.40/60 and more buy stops just above. Downside bids start from 79.50/60 with sell stops through 79.45.

EUR/JPY’s back up through 103.00, with offers currently in place  at 103.30/50,and tech resistance just above at the Ichimoku tenkan line of 103.56.  Bids now 102.85/95 and more down at 102.50/60 with  sell stops below.

AUD/JPY’s also holding firm ahead of the BOJ with support now coming in around 82.50 (tenkan line) and 82.20 (200 day MA). Offers start from 82.80/00 and 83.40/50 with likely buy stops above.