#USDJPY: The #BOJ has raised the short-term policy rate from 0.25% to 0.5%—the highest level in 17 years! With hawkish rate hikes on the table, market expectations point to another 0.5% increase by year-end, targeting the 1% level.

This fundamental shift has sparked a bearish technical outlook for USDJPY, aligning with my #short analysis.

Technical Analysis:
Price action has formed a bearish flag, signaling potential downside movement for USDJPY.

Entry: $156
Stop Loss: $156.4
TP1: $154 (Key psychological level)
TP2: $152.4 (Aligned with the flag’s left pole distance)
TP3: $150 (Major psychological level)
#USDJPY #BOJ