Japanese Yen (USD/JPY) Testing 150 Resistance Ahead of Bank of Japan Policy Decision

Japanese Yen Prices, Charts, and Analysis

• BoJ conference is crucial for the Yen.
• USD/JPY is testing the BoJ’s willpower.

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The Federal Reserve, Bank of England and the Bank of Japan all introduce their newest monetary policy choices following week and it is the last that is more than likely to trigger a fresh spell of volatility. While the Fed and the BoE are anticipated to leave all policy dials unblemished, the BoJ might well modify their present return contour control policy and enable JGB accept relocate greater. The Japanese reserve bank presently caps the standard 10-year bond return at 1%, and steps in if this limit comes under stress, however market talk right now recommends that the BoJ might enable market accept increase to 1.5%, a hawkish spin and one that would certainly reinforce the …