The USD/JPY pair continues to populate the region between 107.30 and 107.80 as the Japanese yen remains contained under the 108.00 resistance, Terence Wu, an FX strategist at OCBC Bank, briefs. See: BoJ maintains short-term interest rate target at -0.1% Key quotes “The BoJ launched a new lending programme to support small businesses, but refrained from changing its policy rate or pace of asset purchases. At best, we think this move is marginally stimulatory.” “Expect the 108.00 resistance to turn away any advances for now. Meanwhile, 107.20/30 should support.” 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 GBP/USD: Three reasons for the downside bias FX Street 2 years The USD/JPY pair continues to populate the region between 107.30 and 107.80 as the Japanese yen remains contained under the 108.00 resistance, Terence Wu, an FX strategist at OCBC Bank, briefs. See: BoJ maintains short-term interest rate target at -0.1% Key quotes “The BoJ launched a new lending programme to support small businesses, but refrained from changing its policy rate or pace of asset purchases. At best, we think this move is marginally stimulatory.” “Expect the 108.00 resistance to turn away any advances for now. Meanwhile, 107.20/30 should support.” Regulated 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.
