GBP/JPY & EUR/JPY Trading Levels – BOJ Meeting Minutes In Focus
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...
Arslan Butt•Tuesday, March 13, 2018•1 min read
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
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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