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Julian_FX24h

USDJPY continues to grow strongly above the 150.00 mark

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Julian_FX24h Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Forex USDJPY longsetup optionsstrategies intraday
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trendanalysis chartpattern indicator forex usdjpy longsetup optionsstrategies intraday
USD/JPY is trading near 150.00, extending the rally after the Bank of Japan (BoJ) did not adjust its policy setting but changed the language around its YCC framework. The BoJ's policy outcome disappointed hawks and weighed on the Japanese Yen.

According to the CME Fedwatch tool, markets are currently pricing in a 23% chance of a 25 basis point (bps) Fed hike on Wednesday. Hawkish comments from Fed officials could limit the downside of the Greenback and act as a favorable driving force for the USD/JPY pair, helping the currency rally!
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