Thursday, October 15, 2026

Technicals

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BOJ sits tight with policy but downgrades GDP outlook

The Bank of Japan made no changes to its current policy settings today BOJ tweaks growth forecast down, FY '15/16 GDP +1.7% vs +2% Pair is currently trading above 61.8% Fibonacci retracement levels at 123.43 A daily clos…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • The Bank of Japan made no changes to its current policy settings today
  • BOJ tweaks growth forecast down, FY '15/16 GDP +1.7% vs +2%

  • Pair is currently trading above 61.8% Fibonacci retracement levels at 123.43
  • A daily close above 123.67 (Daily cloud base) may drag the pair higher

  • Alternatively, reversal from this level may drag the pair again around 121.00 levels

We prefer to stay short on USDJPY, Entry at 123.50, Stop loss 124.36, Target 122.45

 

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