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USD/JPY stabilizes as Japan awaits inflation data

fxstreet.com —

The USD/JPY exchange rate is stable as traders review recent monetary policy from the Bank of Japan and the Federal Reserve. Currently, the USD/JPY pair is trading near the 150.00 level, showing little change. Market analysts noted a 'gravestone doji' pattern, which could suggest a potential decrease in price. The Relative Strength Index (RSI) shows some bullish signs, but breaking above 149.00 could lead to targets at 149.47 and 150.00. If it fails to surpass 149.00, it might fall to 148.34 and 148.00. This week, USD/JPY experienced some upward movement but did not reach 150.00, leading to more sideways trading. Buyers showed interest at around 148.10, pushing prices higher. Although the RSI indicates a bearish trend, its slight upward shift suggests buying momentum. If the USD/JPY can exceed the 149.00 threshold, resistance levels to watch are at 149.47 and 150.00. A strong upward move could see targets near 150.60. On the other hand, if it cannot break through 149.00, it may drop to 148.34. A daily close below this level could open the way for further declines to support levels at 148.00 and the March 11 low of 146.54.

With a significance score of 1.9, this news ranks in the top 52% of today's 12351 analyzed articles.

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Timeline:

    [3.3]
    Bank of Japan keeps interest rate at 0.5% (forexlive.com)
    3d 20h
    Source
    [2.2]
    USDJPY tests key resistance, targeting bullish momentum (forexlive.com)
    4d 4h
    Source
    [4.1]
    Bank of Japan keeps rates steady, warns of uncertainty (thehindu.com)
    4d 10h
    Source
    [4.2]
    Bank of Japan warns of uncertainty from U.S. tariffs (theguardian.com)
    4d 11h
    Source
    [3.8]
    Bank of Japan maintains interest rates at 0.5% (hindustantimes.com)
    4d 11h
    Source
    [3.2]
    Japanese Yen declines following BoJ Governor's comments (fxstreet.com)
    4d 11h
    Source
    [3.9]
    BOJ maintains interest rates, watches U.S. tariff impacts (hindustantimes.com)
    4d 13h
    Source
    [3.9]
    Bank of Japan holds rates due to trade uncertainties (ft.com)
    4d 14h
    Source
    [3.3]
    Bank of Japan maintains interest rates at 0.5% (forexlive.com)
    4d 15h
    Source
    [3.8]
    Bank of Japan maintains 0.5% interest rates (economictimes.indiatimes.com)
    4d 16h
    Source
    [3.8]
    Bank of Japan maintains interest rates at 0.5% (cnbc.com)
    4d 16h
    Source
    [3.7]
    Yen steady, dollar weak ahead of central bank meetings (economictimes.indiatimes.com)
    4d 17h
    Source
    [3.3]
    Bank of Japan maintains interest rate at 0.50% (fxstreet.com)
    4d 17h
    Source
    [3.3]
    Bank of Japan expected to maintain hawkish policy tone (forexlive.com)
    4d 18h
    Source
    [2.9]
    Bank of Japan expected to maintain current policy (forexlive.com)
    4d 22h
    Source
    [2.1]
    USDJPY outlook influenced by BoJ and FOMC decisions (forexlive.com)
    5d 11h
    Source