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- Woodies pivot (Major)
FxWirePro: USD/JPY remains in familiar place on intervention threat
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
FxWirePro- Woodies pivot (Major)
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: USD/JPY upside capped as intervention risk limit upside
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700 



