USDJPY Chart Technical Outlook may extend falls toward 141.27 after BoJ leaves rates unchanged
The Bank of Japan has left interest rates unchanged, while the Federal Reserve cut them earlier this week. That is the basic downside driver of USD/JPY. More specifically, investors still expect the BoJ to push borrowing costs higher – contrary to what other central banks in developed economies are doing.
Fed-based US Dollar weakness and expectations for a rate hike in Japan sometime in the future are set to keep the pressure on the pair.
USDJPY has support at 141.27, followed by 140.24 and 139.61. Resistance is at 143.07, then 143.94.
