Chart Alert: USD/JPY Tests 156.13/50 Resistance as Hawkish Fed Raises the Bar for BoJ

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Key takeaways Hawkish Fed supports USD/JPY: The Fed’s rate hike and signal of further tightening reinforce the US dollar’s yield advantage over the yen. BoJ guidance is the key catalyst: A hike to 1.25% is largely priced in; Ueda must signal further tightening to sustain yen strength. Japan CPI composition matters: Stronger services and underlying […]The post Chart Alert: USD/JPY Tests 156.13/50 Resistance as Hawkish Fed Raises the Bar for BoJ appeared first on ActionForex.