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BoJ hiked its overnight interest rate to 0.25% and announced its “Quantitative Tightening” plan, without much major surprises. USD/JPY sold off but still hovering above its 151.70 key short-term support. Cannot rule out the possibility of another minor mean reversion rebound in USD/JPY before a bearish impulsive down move sequence unfolds with next medium-term support […]

The post USD/JPY Technical: JPY Strength Halted Right at 151.70 Support as BoJ Hiked Interest Rate. What’s Next for JPY? appeared first on Action Forex.

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