USD/JPY chart - Trading View
USD/JPY has erased early gains and was trading marginally lower at 103.50 at around 04:00 GMT.
The major showed little reaction to BoJ status quo and remained undermined by broad-based US dollar weakness.
The Bank of Japan (BOJ) kept its monetary policy setting unchanged at its January monetary policy review meeting on Thursday.
BoJ left the key interest rate unchanged at -0.1% while maintaining a 10-year JGB yield target at 0.00% and revised 2020 growth forecasts lower.
The central bank has revised the gross domestic product (GDP) target for the fiscal year 2020 to -5.6% from the previous projection of -5.5%.
The bank projects a core CPI of 0.5% in the fiscal year 2021, slightly higher than 0.4% previously.
USD/JPY trades with a major bearish bias. Recovery was rejected at 55-EMA and daily cloud.
Scope for downside resumption as RSI slips below 50 mark and price action closes below 21-EMA. Bears eye trendline support at 102.45.


FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Major Pair levels and bias summary
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision 



