Currently, USD/JPY finds itself situated within a significant supply area
BOJ Rate Hike:
Of notable significance is the recent decision by the Bank of Japan (BOJ) to raise interest rates for the first time since 2016. This policy action indicates a shift towards a tighter monetary stance, aimed at addressing inflationary pressures and promoting economic stability. The hike in interest rates is expected to increase borrowing costs for the JPY, thereby potentially dampening economic activity and further bolstering the currency's strength. Consequently, USD/JPY may experience downward pressure as investors adjust their positions in response to the BOJ's policy shift.
look for confirmation on lower TF
BOJ Rate Hike:
Of notable significance is the recent decision by the Bank of Japan (BOJ) to raise interest rates for the first time since 2016. This policy action indicates a shift towards a tighter monetary stance, aimed at addressing inflationary pressures and promoting economic stability. The hike in interest rates is expected to increase borrowing costs for the JPY, thereby potentially dampening economic activity and further bolstering the currency's strength. Consequently, USD/JPY may experience downward pressure as investors adjust their positions in response to the BOJ's policy shift.
look for confirmation on lower TF