USD/JPY was last seen trading at daily highs above the 109.30 level. A break above the 109.30/40 is set to pave the way towards the 110.00 psychological level, economists at OCBC Bank appraise.. Key quotes “The BoJ has no plans to reduce ETF buying, suggesting that it retains a dovish leaning despite widening the YCC tolerance band.” The USD/JPY has rebounded back above the 109.00 resistance, leaving the 109.30/40 March highs back into view.” “Note that the short-term implied valuations have moved higher in line with spot, leaving us more convinced of the sustainability of this run higher in the pair.” “A breach of 109.30/40 leaves the 110.00 psychological level in play.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Sell opportunity? Why the current calm may turn to a fresh downfall Yohay Elam 8 months USD/JPY was last seen trading at daily highs above the 109.30 level. A break above the 109.30/40 is set to pave the way towards the 110.00 psychological level, economists at OCBC Bank appraise.. Key quotes "The BoJ has no plans to reduce ETF buying, suggesting that it retains a dovish leaning despite widening the YCC tolerance band." The USD/JPY has rebounded back above the 109.00 resistance, leaving the 109.30/40 March highs back into view." "Note that the short-term implied valuations have moved higher in line with spot, leaving us more convinced of the sustainability of this run higher… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
