USD/JPY Eyes FOMC Press Conference: Hawkish vs. Dovish Scenarios
After a sideways movement following the intervention by the BoJ, USD/JPY concluded with a minor upward trend towards the upper channel band.
Read MoreAfter a sideways movement following the intervention by the BoJ, USD/JPY concluded with a minor upward trend towards the upper channel band.
Read MoreUSD/JPY experienced a consolidation phase after intervention by the BoJ yesterday, resulting in relatively flat movements during both yesterday's and today's Asian sessions.
Read MoreAt the opening of the Asian session on Monday, the USD/JPY pair achieved the target of 158.60 as expected, but intervention from the Bank of Japan (BoJ) occurred at the 160 level.
Read MoreThe Bank of Japan's decision to keep interest rates unchanged and maintain its bond-buying program as announced at GMT 03:00.
Read MoreThe USDJPY pair targets 156.75-156.90 after reaching its 155.00 goal, aligning with both the triangle's height and a Fibonacci extension level.
Read MoreAhead of the Bank of Japan's interest rate decision scheduled for Friday at GMT 03:00, we're observing relatively calm price action in the USD/JPY pair.
Read MoreThe Japanese Yen is hovering around 154.75.
Read MoreStill, BoJ’s uncertain policy and intervention fears lead the pair’s depreciation.
Read MoreThe USD/JPY pair stabilized after the strong momentum reaching the Fibo extension level at 154.70, reaching new historical highs, driven by the significant divergence in monetary policies between the Fed and the BoJ.
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