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USD/JPY dips lower on Oct BoJ minutes and open

FXStreet (Guatemala) - USD/JPY is trading at 114.63, down -0.10% on the day, having posted a daily high at 114.77 and low at 114.58.

USD/JPY has eased away slightly from the highs and is trading with a slightly bearish bias having made tremendous grounds of the last small number of sessions and aggressiveness of the BoJ. There was little in the October minutes that we have not known with most members concerned about inflation yet the Yen’s depreciating was welcomed and having positive effects while there is a 2% inflation target and until met they will keep easing and tale appropriate action where needed.

USD/JPY noteworthy levels

Current price is 114.64, with resistance ahead at 114.86, 115.02 (Daily Classic R3), 115.69 (Weekly Classic R2) and 118.89 (Weekly Classic R3). Next support to the downside can be found at 114.21 (Hourly 20 EMA), 114.11 (Daily Classic R1), 114.08, 114.01 (Weekly Classic R1) and 113.78.

EUR/USD: Options rolling off, plenty of scope for volatility - FXWW

Sean Lee, Founder at FXWW, notes that after most of the bigger options in EUR/USD have now rolled off ahead of the ECB, there is plenty of scope for intraday moves.
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