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USD/JPY steady ahead of Kuroda talking

FXStreet (Guatemala) - USD/JPY is trading at 107.18, down -0.15% on the day, having posted a daily high at 107.38 and low at 107.01.

USD/JPY remains steady in a tight range on a light calendar for the pair ahead but attention in Asia looks to the Bank of Japan Governor Haruhiko Kuroda who will talk at a press conference about monetary policies in Tokyo. Meanwhile, Valeria Bednarik, Chief analyst at FXStreet explains that the tight range however has left the short term picture with a quite neutral stance, as per indicators horizontal around their midlines. “100 SMA stands now at 106.90 acting as first probable intraday support, while 200 SMA is way below at 106.20, the line in the sand in case of a bearish acceleration in the pair, as only below it current bullish trend may suffer”.

USD/JPY support resistance levels

Support levels: 106.80 106.50 106.10

Resistance levels: 107.40 107.90 108.20

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