USD/JPY reversing course, slipping back to 112.00
- The BoJ kept interest rates at -0.1%, and monetary policy remains unchanged, but investors remain on the risk-off side for Thursday.
- Dollar gains continue to reverse direction as market participants flip-flop on the greenback.
The US Dollar is giving up further ground to the Japanese Yen in early Thursday trading, aiming for the 112.00 handle despite peaking at 112.60 following Wednesday's close.
The Bank of Japan (BoJ) delivered another rock-steady interest rate decision today along with an unflinching monetary policy statement despite the Japanese central bank recently having to walk back their growth and inflation forecasts for 2018's year-end figures, and investors continue to drag their heels into the safe-haven Yen as growth figures around the globe continue to sour.
USD/JPY Technical Levels
Today Last Price: 112.2
Today Daily change: -39 pips
Today Daily change %: -0.346%
Today Daily Open: 112.59
Previous Daily SMA20: 113.18
Previous Daily SMA50: 112.99
Previous Daily SMA100: 112.41
Previous Daily SMA200: 110.85
Previous Daily High: 112.64
Previous Daily Low: 112.09
Previous Weekly High: 113.71
Previous Weekly Low: 112.24
Previous Monthly High: 114.25
Previous Monthly Low: 112.3
Previous Daily Fibonacci 38.2%: 112.43
Previous Daily Fibonacci 61.8%: 112.3
Previous Daily Pivot Point S1: 112.24
Previous Daily Pivot Point S2: 111.88
Previous Daily Pivot Point S3: 111.68
Previous Daily Pivot Point R1: 112.8
Previous Daily Pivot Point R2: 113
Previous Daily Pivot Point R3: 113.35