The BOJ remains dovish, holding rates at -0.1%. The BOJ plans to keep supporting Japan’s economy with stimulus. Japan’s inflation is expected to rise above the 2% central bank target. Today’s USD/JPY price analysis is bullish as BOJ’s failure to raise interest rates continues enlarging monetary policy divergence between the US and Japan. –Are you interested to learn more about forex signals? Check our detailed guide- The Bank of Japan retained its -0.10% rate, maintaining its dovish stand amid policy tightening worldwide. The bank forecasted inflation would rise above its target this year. It maintained that it was in no rush to withdraw stimulus meant to support the weak economy. “Uncertainty surrounding Japan’s economy is very high. We must be vigilant about financial and currency market moves and their impact on the economy and prices,” the BOJ said in a quarterly report issued after the decision. While this is happening, the Federal Reserve is raising rates aggressively, causing a more extensive divergence between the two countries. The BOJ has no incentive to raise rates as inflation remains relatively low in Japan. “Inflation isn’t increasing much in Japan (compared to other countries),” said Hiroaki Muto, an economist at Sumitomo Life Insurance. “There’s also a lack of clear evidence that a weak yen is hurting the economy. The BOJ has little incentive to tweak policy.” Get FREE Forex Signals Now! USD/JPY key events today USD/JPY investors are waiting to see the state of US unemployment when the initial jobless claims report comes out later today. The report is expected to show a decrease from 244K to 240K. Japan is expected to release inflation data today. The National Core Consumer Price Index will show price changes in consumer goods and services, excluding fresh food. Japan enjoys some of the world’s lowest inflation, allowing the BOJ to maintain its ultra-loose policy. However, investors expect inflation to rise by 0.1%. A higher or lower increase could cause volatility in the pair. –Are you interested to learn more about automated trading? Check our detailed guide- USD/JPY technical price analysis: Bullish Above 30-SMA The 4-hour chart shows the price hanging on to the 30-SMA after breaking below. This move could be a retest where bears are too weak to continue the new bearish move. RSI needs to start trading below 50 to show strength in the bears. However, if this does not happen, the price might break back above the SMA and retest the July 14 resistance at 139.252. Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Majors share Read Next EUR/USD Price Retreat Ended Ahead of ECB, Key Support at 1.0155 Olimpiu Tuns 3 weeks The BOJ remains dovish, holding rates at -0.1%. The BOJ plans to keep supporting Japan's economy with stimulus. Japan's inflation is expected to rise above the 2% central bank target. Today's USD/JPY price analysis is bullish as BOJ's failure to raise interest rates continues enlarging monetary policy divergence between the US and Japan. -Are you interested to learn more about forex signals? Check our detailed guide- The Bank of Japan retained its -0.10% rate, maintaining its dovish stand amid policy tightening worldwide. The bank forecasted inflation would rise above its target this year. It maintained that it was in no… 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.