The Dollar-Yen pairing continues to twist sideways ahead of the BoJ’s policy statement due early for Tuesday, trading close to the 111.00 major handle ahead of expected action from the Japanese central bank. A floor has been priced in at last week’s bounces from a floor just above 110.60, and markets seem to be expecting a Yen-positive BoJ outcome, which would see the USD/JPY head into June’s lows below 110.00, but an oversold bounce will see the pair recover to near-term highs for July around 112.00 and 113.00. USD/JPY Chart, 15-Minute Spot rate: 111.02 Relative change: Negligible High: 111.06 Low: 110.97 Trend: Flat Support 1: 110.88 (current week low) Support 2: 110.58 (previous week low) Support 3: 110.27 (July low) Resistance 1: 111.15 (current week high) Resistance 2: 111.53 (previous week high) Resistance 3: 112.18 (61.8% Fibo retracement level) 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 New Zealand building permits reviewed – ANZ FX Street 5 years The Dollar-Yen pairing continues to twist sideways ahead of the BoJ's policy statement due early for Tuesday, trading close to the 111.00 major handle ahead of expected action from the Japanese central bank. A floor has been priced in at last week's bounces from a floor just above 110.60, and markets seem to be expecting a Yen-positive BoJ outcome, which would see the USD/JPY head into June's lows below 110.00, but an oversold bounce will see the pair recover to near-term highs for July around 112.00 and 113.00. USD/JPY Chart, 15-Minute Spot rate: 111.02 Relative change: Negligible High:… 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.
