Overall, USD/JPY is ranging across.
The Bank of Japan (BoJ) kept interest rate unchanged at -0.10% during their monetary policy meeting last Friday. The central bank decided to extend its Special Funds-Supplying Operations to Facilitate Financing in Response to the Novel Coronavirus by 6 months until end of September 2022. The BoJ also tapered its coupon payments and corporate bonds purchases. Starting from April 2022, the central bank will be purchasing an amount of coupon payments and corporate bonds at an amount similar to the pre-pandemic period.
USD/JPY’s next support zone is at 112.800 and the next resistance zone is at 115.300.
Look for short-term buying opportunities of USD/JPY.
The Bank of Japan (BoJ) kept interest rate unchanged at -0.10% during their monetary policy meeting last Friday. The central bank decided to extend its Special Funds-Supplying Operations to Facilitate Financing in Response to the Novel Coronavirus by 6 months until end of September 2022. The BoJ also tapered its coupon payments and corporate bonds purchases. Starting from April 2022, the central bank will be purchasing an amount of coupon payments and corporate bonds at an amount similar to the pre-pandemic period.
USD/JPY’s next support zone is at 112.800 and the next resistance zone is at 115.300.
Look for short-term buying opportunities of USD/JPY.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.