The Japanese Yen (JPY)
Key news events today
No major news events.
What can we expect from JPY today?
The USDJPY consolidates along the 132.50 price level overnight with no clear directional bias. However, as the USDJPY fails to retrace lower significantly. Look for a breakout potential to the upside if the price trades beyond the 133 price level. Moves to the upside for the USDJPY could see the price trade significantly higher toward the next key resistance level at the 134-round number level.
Central Bank Notes:
Cash rate stands at -0.1%
Expanded range for 10 year JGB yield fluctuations to 0.5%
Next meeting is on 8 March 2023
Next 24 Hours Bias
Weak Bearish
