GBP/JPY & EUR/JPY Trading Levels – BOJ Meeting Minutes In Focus

Good morning, fellas.

It looks like a good day to trade the Dollar designated pairs but most of the traders await the US inflation. In the meantime, we can expect a few good trades in the Japanese crosses as these are not influenced by the movement of the Dollar.

The Japanese Producer Price Index (PPI) for February came out at +2.5%, in line with the expectation of 2.5%. The Monetary Policy Meeting Minutes on Wednesday at 0:50 (GMT) will be worth watching. Check out the trading levels for the Japanese crosses below.

EUR/JPY – Major Trading Levels

Support     Resistance

129.92        131.98

129.29        132.61

128.26        133.64

Key Trading Level:    130.95

GBP/JPY – Major Trading Levels

Support     Resistance

145.86        148.54

145.04        149.36

143.7          150.7

Key Trading Level:    147.2