USD/JPY Outlook (31 October 2019)
2019-10-31 16:53:24
Overall, USD/JPY is ranging across. Recently, USD/JPY tested and rejected the key level of 109.
The Bank of Japan (BoJ) kept interest rate unchanged at -0.10%.
In the monetary policy statement, BoJ said that if risks were to rise further, the BoJ will not hesitate to add additional easing measures.
Currently, USD/JPY is moving towards the support level of 108.400 and the next resistance level is at 110.500.