USD/JPY just off day’s highs ahead of the BOJ

View Comments

Sitting around 79.97 as we wait for the announcement (day’s high 80.00), with expectations currently of some JPY10 trillion of easing. Offers lie just above in the 80.00/10 area with some possible buy stops above ahead of further offers from 80.40/60 and more buy stops just above. Downside bids start from 79.50/60 with sell stops through 79.45.

EUR/JPY’s back up through 103.00, with offers currently in place  at 103.30/50,and tech resistance just above at the Ichimoku tenkan line of 103.56.  Bids now 102.85/95 and more down at 102.50/60 with  sell stops below.

AUD/JPY’s also holding firm ahead of the BOJ with support now coming in around 82.50 (tenkan line) and 82.20 (200 day MA). Offers start from 82.80/00 and 83.40/50 with likely buy stops above.

 

2012-10-30T05:37:21+0000

All|Europe|Market Rumors|Regions

AUD/JPY|EUR/JPY|USD/JPY

Pete Jackson

One Comment

  1. Ahead of BOJ? I thought that their statement should have been released by now, no? Have they not postponed the release in light of US developments?

Top

© Copyright 2014 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.