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USD/JPY Remains Quiet after BoJ Press Conference

The Bank of Japan ran a press conference and discussed monetary policy and the bank's outlook on the economy.

Here is the prepared statement

The bank is maintaining its pace of QE, which should keep pressure on the JPY. The USD/JPY however remained quiet as it has been so far this week.


(USD/JPY 1H Chart)

The one hour chart shows a market consolidating after last week's rally. I was looking at plans to buy on a dip yesterday. There is not much of one but the 102.80-103.00 still looks like a place I want to buy if the market drifts there and drags the 1H RSI to 40 and the stochastic to 20.