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2025-10-30 13:21:23
[Bank of Japan Keeps Interest Rates Unchanged, USD/JPY Strengthens in the Short Term] 1. The Bank of Japan announced that it would maintain its policy rate at 0.5%. Following the announcement, USD/JPY surged, briefly reaching 153.12, a three-day high, representing a gain of approximately 0.25%. Currently, the exchange rate has slightly retreated, trading around 152.86, having dipped as low as 152.16 during the decision period. 2. During the decision, two policy committee members, Hajime Takada and Naoki Tamura, raised dissent, advocating for a 25 basis point rate hike, indicating internal disagreement on tightening monetary policy. The market's disappointment with the expected rate hike in Japan became the direct trigger for the USD/JPY rise. 3. Simultaneously, the meeting between the leaders of China and the US released conciliatory signals, reducing the risk of escalating trade war and weakening the demand for the yen as a safe haven; the impact of Fed Chairman Powell's hawkish remarks during the Asian session also gradually faded, leaving the dollar lacking further upward momentum. 4. Technically, USD/JPY formed a double top pattern around 153.29. A successful break above this resistance level would open up further upside potential. The key support levels are 151.46, 149.38 and 146.60 respectively.
