The USD/JPY pair closed below the 105.00 recent range low, with the attention now shifted to 104.00/20, a level that should attract the pair in the upcoming sessions, according to Terence Wu from OCBC Bank. Key quotes “The BoJ kept its policy parameters unchanged in the latest meeting, and reinforced its commitment to the 2.0% inflation target.” “The USD/JPY closed below the 105.00 floor, leaving the pair open to further downward extension, with 104.20 being the first target.” “A recovery above the 105.00 level may see the pair revert to a sideways posture again.” 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 AUD/USD to test 0.74 amid squally surroundings – Westpac FX Street 2 years The USD/JPY pair closed below the 105.00 recent range low, with the attention now shifted to 104.00/20, a level that should attract the pair in the upcoming sessions, according to Terence Wu from OCBC Bank. Key quotes “The BoJ kept its policy parameters unchanged in the latest meeting, and reinforced its commitment to the 2.0% inflation target.” “The USD/JPY closed below the 105.00 floor, leaving the pair open to further downward extension, with 104.20 being the first target.” “A recovery above the 105.00 level may see the pair revert to a sideways posture again.” 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.
