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USD/JPY static on BOJ same-same but, same

FXStreet (Barcelona) - USD/JPY is trading at 107.87, up 0.05% on the day, having posted a daily high at 108.00 and low at 107.80.

USD/JPY has remained in a tight spot on the release of the BoJ’s minutes who gave us much of the same with a unanimous voting board to maintain it’s “quantitative and qualitative monetary easing”. The central bank explained that it has been exerting its intended effects while aiming to achieve the price stability target of 2pct.

USD/JPY noteworthy levels

Spot is presently trading at 107.87, and next resistance can be seen at 108.13 (Daily 20 SMA), 108.20 (Daily Classic PP), 108.33 and 108.48 (Weekly Classic S1). Support below can be found at 107.88 (Hourly 20 EMA), 107.84 and 107.63 (Daily Classic S1).

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