Chart - Courtesy Trading View
USD/JPY was trading 1.47% higher on the day at 134.09 at around 06:30 GMT, slightly lower from session highs at 134.64.
The pair snapped two day downside and spiked higher in a knee-jerk reaction after BoJ policy decision.
The Bank of Japan kept monetary policy unchanged but mentioned readiness to watch FX reaction for the first time.
BOJ kept its benchmark rate near -0.10% while also holding the 0.0% target for the Japanese Government Bond (JGBs) at the end of two-day monetary policy meeting.
The mention of the FX in the BOJ statement dampened the Japanese yen across the board.
Focus now on the US Industrial Production for May, expected at 0.4% versus 1.1% prior, ahead of the Fed’s Monetary Policy Report and Powell’s speech.
Technical bias for the pair is bullish. Retrace has found strong support at 21-EMA, weakness only on break below.


FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro- Woodies Pivot(Major)
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro-Major European Indices
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 



