• USD/JPY strengthened on Thursday as yen weakened sharply after the BOJ left policy settings unchanged and offered few clues on its monetary outlook.
• As anticipated, the nine-member BOJ board voted 8-1 to maintain the short-term policy rate at 0.25%.
• BOJ Governor Kazuo Ueda stated that more time is needed to assess economic data and the impact of U.S. President-elect Trump's policies after he takes office in January.
•The Japanese yen has dropped over 8% against the dollar in 2024, partly due to expectations that the BOJ will take a cautious approach in raising ultra-low rates.
•Immediate resistance is located at 157.65 (23.6%fib), any close above will push the pair towards 158.29 (Higher BB).
• Support is seen at 156.37 (38.2%fib) and break below could take the pair towards 155.22(50%fib).
Recommendation: Good to buy around 156.80, with stop loss of 156.00 and target price of 158.00


FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro- Major Crypto levels and bias summary
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Woodies pivot (Major)
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 



