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16 Mar 2015
USD/JPY awaiting BoJ policy meeting – Kshitij Consultancy
FXStreet (Barcelona) - Analysts at Kshitij Consultancy, note that USD/JPY trades stable awaiting tomorrow’s BoJ policy meet and the central banks view on inflation.
Key Quotes
“Dollar-Yen (121.33) has been remarkably stable for the last few days, possibly waiting for the BOJ Meeting tomorrow.”
“The Japanese CPI (2.4%) has been coming off slightly for the last few months. Unless the BOJ says it wants a higher inflation levels, long-term Resistance at 123 seems unlikely to be broken for now.”
Key Quotes
“Dollar-Yen (121.33) has been remarkably stable for the last few days, possibly waiting for the BOJ Meeting tomorrow.”
“The Japanese CPI (2.4%) has been coming off slightly for the last few months. Unless the BOJ says it wants a higher inflation levels, long-term Resistance at 123 seems unlikely to be broken for now.”