USD/JPY chart - Trading View
USD/JPY retreated from session highs at 109.13 and was trading largely unchanged at 108.89 at around 04:00 GMT.
As widely expected, the Bank of Japan (BoJ) decided to leave its benchmark interest rate and 10-year JGB target unchanged at -0.1% and 0%, respectively.
The central bank expanded its JGB trading band and dropped its ¥6 trillion yearly ETF buying target.
Markets await post-meeting press conference, where comments from Governor Haruhiko Kuroda might provide useful insights.
USD/JPY was extending sideways for the 5th straight session. Long upper wicks on the daily candles raise scope for weakness.
Price action hovers around 200H MA. Any decisive close below will drag prices lower. 5-DMA has turned and retrace till 21-EMA (107.77) likely on account of overbought oscillators.
'Golden Cross' (bullish 50-DMA crossover on 200-DMA) to keep downside cushioned.
