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Forex pairs in this Article » USD/JPY (Chicago) - USD/JPY remained unchanged on BoJ’s decision to maintain interest rates at 0.1%. The announcement of a 60-70 annual increase in monetary base came with no surprises.

BoJ maintains interest rates

The highlights of Japan’s monetary base decision brought no surprises with statements indicating the economy has known a “moderate” recovery and interest rates matching 0.1% expectations and past results. The goal remains hitting the 2% inflation target in the medium term.

USD/JPY Technical Levels

Trading at 99.70, the pair remains slightly bullish on one-hour timeframe analysis according to the trend index and navigates between supports at 99.21 (September 2nd lows), 98.72 (August 25th highs) ahead of 98.36 (August 13th highs) and resistances at 100 (August 2nd highs), 100.44 (July 24th highs) followed by 100.88 (July 18th highs). A doji pattern indicates even pressure from bulls and bears and a pair stalling post BoJ data.
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