USD/JPY cautiously higher after BOJ policy decision, traders await Ueda presser next ...Middle East

It's a tough spot for Japan as the yen continues to slip in trading this week. The BOJ didn't offer much help as USD/JPY now runs up to the 156.00 level, its highest in over three decades. So, what's next for the pair?For now, buyers are cautiously taking price higher. And as long as that is not a move that is going too far, too fast, it might not trigger any intervention plays from Tokyo yet.The line in the sand is definitely shifting and that is something we'll have to acknowledge. The question now is, will 160 be that new threshold? Or is it going be any earlier?For today at least, I would argue that there are only two things left to watch.The first will be BOJ governor Ueda's press confe

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USD/JPY cautiously higher after BOJ policy decision, traders await Ueda presser next ...Middle East

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