BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Pair is just supported above $1.4400 mark and currently trading at $1.4408 levels.
- Dropping below the $1.44 mark confirmed the bearish bias, with a further decline possible toward $1.42 in the near term.
- In the bigger picture, a break of $1.4346 will open the doors of $1.4200 mark. Major support falls at $1.4272 and $1.4226 levels. Alternatively, reversal from this level again drags the parity above $1.5000 levels.
- Yesterday BOE left monetary policy unchanged, keeping the main rate at 0.5% and the QE amount at £375 billion annually. Only one Monetary Policy Member voted for a rate hike, as was broadly expected.
- Today UK construction output and Euro zone trade balance are the only features in European session. A bunch of economic data will be released from US today, including retail sales, PPI, Empire State Manufacturing, industrial production, business inventories and U of Michigan sentiments.
