USD/JPY Price Forecast: Ascending channel support holds the key after Fed, BoJ policy updates
News brief
The USD/JPY pair attracts heavy selling on Thursday and dives to the 159.00 neighborhood during the first half of the European session, eroding a major part of the previous day's strong move up to the highest level since July 2024.
Why traders care
For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment.
What to watch next
- Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
The USD/JPY pair attracts heavy selling on Thursday and dives to the 159.00 neighborhood during the first half of the European session, eroding a major part of the previous day's strong move up to the highest level since July 2024. For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
