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USD/JPY spikes on BoJ but settled lower for Tokyo open

FXStreet (Guatemala) - USD/JPY spiked higher on the release of the BoJ minutes up to 118.57, but then settled back lower to starting point.

Many BOJ members said the BOJ to keep easing until inflation is stable while Kuroda proposed additional easing and inflation is expected to stay at 1% for some time.

We will now get Kuroda’s speech a little later and while we unlikely to hear anything new we look ahead of further data releases from the US also starting with US 3Q GDP. Later in the week we have more Japanese data releases including employment, retail sales, and inflation.

Current price is 118.32, with resistance ahead at 118.50 (Overnight High), 118.84 (Daily Classic R2), 119.31 (Daily Classic R3) and 119.32 (Weekly Classic R1). Next support to the downside can be found at 118.28 (Daily Classic R1), 118.16 (Hourly 20 EMA) and 118.01.

Singapore Gross Domestic Product (YoY) rose from previous 2.4% to 2.8% in 3Q

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