Market Fundamental Analysis for July 31, 2026 USDJPY
USDJPY:
The Bank of Japan kept its short-term interest rate unchanged at 1%, providing the market with no new reason for a sustained strengthening of the yen. One board member supported a rate increase, while the central bank maintained the possibility of further action if inflation risks intensify. However, the decision to leave the rate unchanged supported a recovery in USDJPY after the sharp decline during the previous session.
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The interest rate differential remains the main factor supporting
Trading idea: BUY 160.80, SL 160.25, TP 161.90
