• USD/JPY fell on Thursday as rising bets on a Bank of Japan rate hike and escalating geopolitical tensions boosted demand for the safe-haven yen.
• The Bank of Japan kept rates unchanged Wednesday, citing global uncertainty and linking future hikes to potential U.S. tariff impacts.
• The BOJ ended its massive stimulus program last year, believing Japan was close to achieving its long-term inflation goals.
• The Bank of Japan signaled it is prepared to raise rates further if economic and price trends align with projections.
• At GMT 07.37,the dollar was up 0.09% at 148.57 against Japanese yen .
• Immediate resistance is located at 150.00 (Psychological level), any close above will push the pair towards 150.94(Higher BB).
• Support is seen at 147.97(38.2%fib) and break below could take the pair towards 146.98(Lower BB ).
Recommendation: Good to sell around 148.60, with stop loss of 149.00 and target price of 147.80
