USD/JPY Surges to 135.00 as BOJ Maintains Dovish Policy

The USD/JPY pair has surged to near the crucial resistance of 135.00 after the Bank of Japan (BoJ) announced a continuation of ultra-loose monetary policy and stability in Japanese Government Bonds’ (JGBs) yields band to maintain an expansionary policy stance. BoJ Governor Kazuo Ueda has confirmed that the central bank will take additional easing steps without hesitation as needed while striving for market stability.

TRADE IDEA DETAILS
Currency Pair: USD/JPY
Current Trend: ↗️Bullish
Trade Signal: ↗️Buy
👉 Entry Price: Above 135.37
✅ Take Profit: 137.00, 137.91
❌ Stop Loss: Below 134.00

Additionally, the USD Index has jumped above 101.76 due to the delay in the US debt-ceiling proposal and pre-Federal Reserve (Fed) policy anxiety among investors. The recovery in appeal for US equities, led by strong quarterly performances by technology companies, has contributed to the recovery of the majority of losses generated in the Asian session, as portrayed by S&P500 futures.

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