19 days ago • Posted by Ajmir Omid

#Dollar-yen pulls back following #boj meeting #usdjpy #fx #trading

Japan’s Ministry of Finance, the Bank of Japan and the Financial Services Agency met this morning 4 pm local time to discuss the recent rapid decline in the yen. This is the first time a statement has been issued following a meeting of the parties, highlighting its importance and showing officials' concerns. The party said they will act “appropriately” on forex if needed while communicating closely with other nations.  Following the statement, the dollar-yen managed to pull back slightly, trading now near the 133.70 level. Key technical levels to watch for are 134.50 (resistance) and 132.50 (support).