Buys on close above 161.400 targeting 15min Resistance / 4h Strong Support held back on 08.04.2022 leaving Runners to 1h previous Support from (25.04.2022) at 162.150.
Sells on close below 160.800 targeting 4h Support / 1h Strong Support at 160.370 leaving Runners to most recent Daily Support at 159.940.
Over the Asian Session, we have a Bank Of Japan Bank Rate review and it is forecasted that they would keep rates the same at -0.10%, Markets will focus on Kuroda’s remarks at his post-meeting news conference for clues on whether and how soon the BOJ could modify its dovish policy guidance.