Thursday, October 15, 2026

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FxWirePro: USD/JPY hovers around 20-DMA, key focus on FOMC and BoJ monetary policy meetings on Wed

USD/JPY extends range trade, hovers around 20-DMA at 102.18. Momentum studies are neutral, Techs have a bearish bias. FOMC and the BoJ monetary policy meetings on Wed in Focus. Both banks are likely to stay on hold. Comp…

By FxWirePro Team
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FxWirePro: USD/JPY hovers around 20-DMA, key focus on FOMC and BoJ monetary policy meetings on Wed
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  • USD/JPY extends range trade, hovers around 20-DMA at 102.18.
     
  • Momentum studies are neutral, Techs have a bearish bias.
     
  • FOMC and the BoJ monetary policy meetings on Wed in Focus. Both banks are likely to stay on hold. 
     
  • Comprehensive assessment by BoJ will be watched for any indications of a change in the monetary policy framework and/or additional monetary easing.
     
  • Major resistance seen at 102.71 (50-DMA), only decisive break above to see reversal in the bearish trend.
     
  • Major support levels - 101.92 (50% Fib), 101.73 (Sept 16 low), 101.36 (61.8% Fib)
     
  • Major resistance levels - 102.18 (20-DMA), 102.49 (38.2% Fib), 102.71 (50-DMA)
     

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By FxWirePro Team