BOJ keeps rates unchanged, will USD/JPY rise or fall?

20 בספט׳

Hello everyone, I’m Alisa. Today, I will share some insights about USD/JPY.

After a two-day policy meeting concluded today, the Bank of Japan (BOJ) maintained its key interest rate at 0.25%, leading to little movement in USD/JPY prices.

Looking at the chart, the EMA line remains stable with no signs of reversal. Therefore, USD/JPY is expected to maintain its trend. If resistance at 143.820 holds, the pair may drop to 141.818 or potentially 139.323.

If my prediction holds, sellers will benefit. What do you think? Do you agree with Alisa?