FXstreet.com (Barcelona) - After market has acknowledged BoJ APP remain unchanged despite the fact increased the fund by 45 trl yen, USD/JPY has undone all the spike up the pair did right after BoJ announced its latest monetary policy statement, touching a fresh weekly high at 79.97, but soon fading and back to session lows where it was prior to the news at 79.51 as last.
According to 4castweb.com: “Talks Japanese exporters, corporates, accounts, Tokyo names were good sellers on the bounce up - taking advantage of the knee-jerk reaction to sell at better levels. These show the amount of good sellers in USD/JPY ahead of key 80.00 again and could see downside test now,” the analysts say.
Immediate support to the downside for USD/JPY shows at recent session lows 79.45, followed by Tuesday’s lows at 79.20, and yesterday's lows at 79.13. To the upside, closest resistance now shows at intraday level 79.60, followed by previous weekly highs at 79.78, and recent session highs at 79.97.
According to 4castweb.com: “Talks Japanese exporters, corporates, accounts, Tokyo names were good sellers on the bounce up - taking advantage of the knee-jerk reaction to sell at better levels. These show the amount of good sellers in USD/JPY ahead of key 80.00 again and could see downside test now,” the analysts say.
Immediate support to the downside for USD/JPY shows at recent session lows 79.45, followed by Tuesday’s lows at 79.20, and yesterday's lows at 79.13. To the upside, closest resistance now shows at intraday level 79.60, followed by previous weekly highs at 79.78, and recent session highs at 79.97.
