BOJ’s status quo rate decision fails to move the needle on USD/JPY. The central bank upgraded language on exports and output. Increased post-Fed dollar demand keeps USD/JPY above 105.00. USD/JPY keeps gains above 105.00 as Bank of Japan’s decision to revise the economic assessment higher is struggling to draw bids for the Japanese yen. The central bank said the economy is in a severe state but shows signs of life and could soon see higher output and exports. The statement added that consumption is gradually picking up; however, the consumer price index is likely to hover in the negative territory for the time being. The bank kept interest rates unchanged at -0.1% and retained the 10-year Japanese government bond yield target of around 0%. So far, the BOJ’s positive comments on exports and output have failed to entice yen buyers. Moreover, the FX desks are paring dollar shorts on the not-so-dovish Federal Reserve policy statement released Wednesday. The US central bank kept rates unchanged but said the unemployment falling faster than the central bank expected in June. As such, the dollar may continue to gain ground during the day ahead. Readers, however, should note that stocks have come under pressure following the Fed’s statement. If the risk aversion worsens, the anti-risk Japanese yen may find bids, capping the upside in USD/JPY. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Forecast: BTC signals bullish reversal – Confluence Detector FX Street 2 years BOJ's status quo rate decision fails to move the needle on USD/JPY. The central bank upgraded language on exports and output. Increased post-Fed dollar demand keeps USD/JPY above 105.00. USD/JPY keeps gains above 105.00 as Bank of Japan's decision to revise the economic assessment higher is struggling to draw bids for the Japanese yen. The central bank said the economy is in a severe state but shows signs of life and could soon see higher output and exports. The statement added that consumption is gradually picking up; however, the consumer price index is likely to hover in the negative territory… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.