Thursday, October 15, 2026

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FxWirePro: USD/JPY hits session highs at 117.70 post BOJ, focus on Kuroda’s presser

USD/JPY flirting with session highs at 117.60 following BOJ’s unchanged monetary policy decision. Yen failed to benefit from the BOJ’s latest upward revision to its economic assessment. BOJ upgraded Japan's economic asse…

By FxWirePro Team
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FxWirePro: USD/JPY hits session highs at 117.70 post BOJ, focus on Kuroda’s presser
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  • USD/JPY flirting with session highs at 117.60 following BOJ’s unchanged monetary policy decision.
     
  • Yen failed to benefit from the BOJ’s latest upward revision to its economic assessment.
     
  • BOJ upgraded Japan's economic assessment, said Japan's economy continues to recover moderately as a trend and is likely to turn to moderate expansion.
     
  • Risk-on flows add to the ongoing weakness in the safe-haven yen.
     
  • Major Support - 117.57 (5-DMA), 117.22 (1H 100-SMA), 117
     
  • Major Resistance - 118, 118.42 (Dec 16 high), 118.66 (Dec 15 high)
     
  • Focus now on BOJ Kuroda’s presser, which will likely throw fresh light on the central bank’s decision. 
     
  • Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-hovers-around-5-DMA-support-at-117-break-below-to-target-116-456867) has hit TP1.
     
  • Bearish invalidation above 118 levels. 
     

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By FxWirePro Team