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Update from the BoJ decision today
U.S. Dollar / Japanese Yen
Update from the BoJ decision today
By JinDao_Tai
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Apr 26
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Cheer
Cheer
Apr 26
Since January 2023, the USDJPY has been on an astronomic rise, driven by the significant divergence between FOMC and BoJ monetary policies.
The initial market expectation was for the BoJ to intervene when the USDJPY approaches the 155 price level.
Today the Yen has come under fresh selling pressure, as the BoJ kept rates on hold, taking the USDJPY above 156.
Could 158 at the top of the channel be the next target intervention level?
From the BoJ today
Kept rates on Hold
No comments about an intervention
Yen continues to weaken with USDJPY climbing above 156
boj
Forex
Fundamental Analysis
fx
Technical Indicators
intervention
japan
jpy
Trend Analysis
USD
USDJPY
yen
JinDao_Tai
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