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