USDJPY 2016-02-19

0 3

USD/JPY

113.85

BOJ may go for verbal intervention to reach traders that any farther decline in USDJPY may not be acceptable for policy makers

however market expecting that any prices below 113.50 may be zone of BOJ verbal intervention while below 110.00 market odds for direct currency intervention from BOJ will be high

Technical analysis view : Market awaiting US Inflation data today which may control the market movement

above than expected data may send the pair toward 115.10 – 116.20 zone, while below expected data may allure safe haven demand which may send pair toward 110.00 and below

  Support Resistence
Level 1 111.70 113.75
Level 2 110.98 114.50
Level 3 110.00 115.10

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