By Robert Fullem — Oct 30 - 01:55 PM
USD/JPY stays in a narrow EBS trading range of 152.78-153.505 ahead of the Bank of Japan meeting Thursday
Month-end dollar sales and lower long-term Treasury yields help cap USD/JPY gains after upbeat US ADP, housing data
Double-top at 153.87-88 is resistance ahead of the 154 psychological level
Nearby support is at the 152.38 Oct. 24 high below Tuesday's low of 152.76
Further support is seen at the 152 pivot level and 200-DMA of 151.50
Overnight yen volatility is at its highest level since early October ahead of the BOJ decision and Ueda press conference
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Source:
Refinitiv IFR Research/Market Commentary