- Global-info Co (based on Reuters)
Although the USD/JPY inched higher on Monday, the immediate resistance in face of the weekly limited the , while the pair closed in front of 113.00. The same level keeps acting as the closest resistance today, but a outcome, especially after BoJ governor's statement which boosted the Yen, is doubtful. The given pair now faces a support cluster around 111.70, represented by the monthly S3 and the weekly S1. Technical indicators also support the probability of the scenario prevailing today.
Nearly three quarters (74%) of all open positions are now long, but the portion of sell orders surged from 60 to 82%.