Chart alert: USD/JPY tests 156.13/50 resistance as hawkish Fed raises the bar for BoJ
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Chart alert: USD/JPY tests 156.13/50 resistance as hawkish Fed raises the bar for BoJ

Currency Pairs:💱 USD-JPY

USD/JPY has surged towards the key 156.13/50 resistance zone after a hawkish Fed rate hike reinforced the US dollar's yield advantage. Attention now turns to Japan CPI and the BoJ, where an expected hike to 1.25% may not be enough to strengthen the yen unless Governor Ueda signals further tightening.

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Chart alert: USD/JPY tests 156.13/50 resistance as hawkish Fed raises the bar for BoJ