21 Jan 2015
USD/JPY falls after BOJ leaves policy unchanged
FXStreet (Mumbai) - The Japanese yen strengthened levels versus the US dollar after Bank of Japan (BOJ) left its monetary policy unchanged.
Currently, the USD/JPY pair traded at 117.87, down -0.81% on the day, having posted fresh day’s low at 117.77 after the BOJ statement. The Japanese further strengthened against the US dollar as the BOJ left interest rates and the asset purchases at 80 trillion yen unchanged in its monetary policy decision today. BOJ stated expectations of moderate economic recovery with slowing price pressures.
USD/JPY Technical Levels
To the upside, the next resistance is located at 118.67 (20-DMA) levels and above which it could extend gains 118.85 (Jan 13 High) levels. To the downside immediate support might be located at 117.53 (Jan 13 Low) levels, below that at 117 levels.
Currently, the USD/JPY pair traded at 117.87, down -0.81% on the day, having posted fresh day’s low at 117.77 after the BOJ statement. The Japanese further strengthened against the US dollar as the BOJ left interest rates and the asset purchases at 80 trillion yen unchanged in its monetary policy decision today. BOJ stated expectations of moderate economic recovery with slowing price pressures.
USD/JPY Technical Levels
To the upside, the next resistance is located at 118.67 (20-DMA) levels and above which it could extend gains 118.85 (Jan 13 High) levels. To the downside immediate support might be located at 117.53 (Jan 13 Low) levels, below that at 117 levels.