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12 Mar 2013
Forex: USD/JPY prints another fresh 3.5-year highs on new BoJ rumors
USD/JPY is currently printing fresh 42-month highs at 96.66, just few pips above of those from Friday post-NFP at 96.58, where the pair sits at this moment, off mentioned new highs. The move comes in the back of new rumors saying incoming BoJ chief Kuroda could be calling for an emergency meeting as soon as next week, in order to implement new easing measures, reported Eamonn Sheridan at ForexLive.
Few Japan's economic data will be out in less than 1 hour from now at 23:50 GMT, including BoJ minutes, “The main event on the economic calendar,” says FXWW founder Sean Lee, “although no big surprises are expected ahead of a changing of the guard next month,” the analyst adds. USD/JPY is up +0.65% so far for the week and +11.5% for the year, with Nikkei climbing above the 11400 points mark for first time since Sept 2008.
Immediate resistance to the upside for USD/JPY shows at mentioned recent fresh 3.5-year high 96.66, followed by July 2009 highs at 96.98, and late Nov 2008 highs at 97.33. To the downside, closest support lies at yesterday's Asian session highs 96.25, followed by yesterday's weekly lows at 95.95, and Friday's NY session lows at 95.48.
Few Japan's economic data will be out in less than 1 hour from now at 23:50 GMT, including BoJ minutes, “The main event on the economic calendar,” says FXWW founder Sean Lee, “although no big surprises are expected ahead of a changing of the guard next month,” the analyst adds. USD/JPY is up +0.65% so far for the week and +11.5% for the year, with Nikkei climbing above the 11400 points mark for first time since Sept 2008.
Immediate resistance to the upside for USD/JPY shows at mentioned recent fresh 3.5-year high 96.66, followed by July 2009 highs at 96.98, and late Nov 2008 highs at 97.33. To the downside, closest support lies at yesterday's Asian session highs 96.25, followed by yesterday's weekly lows at 95.95, and Friday's NY session lows at 95.48.