USD/JPY testing towards 149.00 as BOJ and Fed day repercussions continue

August 01, 2024 at 02:21AM
The Bank of Japan hiked yesterday:

ForexLive European FX news wrap: Yen surges as BOJ hikes policy rate to 0.25%

And the Federal Reserve gave hints a rate cut was coming in September:

Forexlive Americas FX news wrap: What a day, it had everything

USD/JPY tumbled (it did so prior to the BoJ on the leak from NHK:

Forexlive Americas FX news wrap: Bank of Japan leaks the possibilty of 15 bps hike)

USD/JPY has continued to drop:

Any rallies will likely be sold into

This article was written by Eamonn Sheridan at www.forexlive.com.