Overall, USD/JPY is ranging across. Recently, USD/JPY bounced down from the key level of 114.
The Bank of Japan will be announcing their monetary policy decision today at an unannounced timing. It is expected that the central bank will be keeping monetary policy unchanged.
A press conference will be held shortly after the announcement. During this time, there may be volatility in JPY.
USD/JPY’s next support zone is at 112.800 and the next resistance zone is at 115.300 .
Look for short-term buying opportunities of USD/JPY.
