ANALYSIS
NQ100 Finds Support from PPIApr 14
USDJPY Erased its 4-Month Gains
The Bank of Japan (BoJ) concluded its December meeting. In line with the market expectations, we see that there is demand for the yen in the markets after the bank, which left the policy rate at minus 0.10 percent, increased its yield target for the 10-year Japanese government bond from 25 basis points to 50 basis points. From this point of view, the parity, which has fallen to its lowest level since August, can have the potential to decrease to 129.45 behind 130.85 if it can sustain below 133.50. In a possible recovery above 133.50; 134.90 and 136.15 resistances can be followed.
