No surprises from the Bank of Japan leaves USDJPY range bound still 20 July
Support around 111.80, resistance around 112.20 and currently 112.11.
No one should be surprised by the range-trading in the wake of the BOJ's expected lack of action, little fresh initiative elsewhere and general Summer malaise.
More offers/res at 112.35 with larger into 112.50 should we venture that far.
More demand/bids at 111.65 with larger at 111.50 should we get that low again.
EURJPY may have impact later if ECB deliver any surprises. Currently 129.04 having found support with bids/demand at 128.80 as per yesterday's order board
Excellent jobbing pips to have been had this week for those interested.
