The Prime minister of Japan Naoto Kan and the BOJ Governor Masaaki Shirakawa have finally had talks on the phone. But unfortunately, the conversation did not result in any agreement supposing real actions to resist the strengthening of the yen value. During their discussion, the Prime minister tried to urge the Japanese central bank to loosen the monetary policy and according to some sources, two officials did not even touch upon the topic: the yen has strengthened. Currently, the market is expecting a more aggressive policy of the BOJ, there should be a consensus between the governments and the central banks to cope with the rate strengthening of the yen which has surged to its highest level in 15 years.
Here are the important intraday levels for this pair today:
Resistance. 3 : 85.48.
Resistance. 2 : 85.31.
Resistance. 1 : 85.15.
Support. 1 : 84.94.
Support. 2 : 84.77.
Support. 3 : 84.60
Suggestions:
Scalping from 10 pips to 20 pips near the Support. 3 for BUY and the Resistance. 3 for SELL; but please, pay attention, that if this pair is still moving for 47– 50 pips after breaking through the Support. 3 or the Resistance. 3, then it is likely to continue the advance, so please, change the position beforehand.
