USD/JPY pinned into the high end near 151.80 after dobish BoJ leaves Yen to flounder

The USD/JPY is inches away from setting a new three-decade high as the pair trades into 151.

The USD/JPY climbed 1.75% on Tuesday after a dovish showing from the BoJ. The Yen has tumbled back into record lows, with the USD/JPY twenty pips away from a 30-year record. Fed Wednesday, US NFP Friday to dominate the back half of the trading week. 70 heading into the end of Tuesday trading after the Bank of Japan left the Yen in the dust with a dovish showing.

Further out, US NFP is set to cap off another trading week, and markets are expecting a decline in the headline figure from 336K to 180K, and another beat in jobs data would be just the spark needed to send the US Dollar spiraling even higher. USD/JPY Technical Outlook The Yen's deflate on Tuesday has sent the USD/JPY surging, and the pair is resting some 20-odd pips from setting a fresh 30-year high beyond 151.94, a previous record ceiling set back in October of 2022.

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