USD/JPY Price Analysis: Flirts with daily low around 136.00, focus shifts to BoJ on Friday

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USD/JPY Price Analysis: Flirts with daily low around 136.00, focus shifts to BoJ on Friday
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USD/JPY Price Analysis: Flirts with daily low around 136.00, focus shifts to BoJ on Friday USDJPY Technical Analysis Fed BOJ Currencies

The Fed-BoJ policy divergence supports prospects for the emergence of dip-buying at lower levels.USD/JPY pair

The US Dollar bulls opt to take some profits off the table following the recent strong rally to over a three-month peak and turn out to be a key factor exerting pressure on the USD/JPY pair. Apart from this, the downfall could further be attributed to some repositioning trade ahead of the Bank of Japan monetary policy decision, scheduled to be announced during the Asian session on Friday.

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