USDJPY nearing crucial resistance level, watch for movement

The US dollar (USD) gained slightly against the Japanese yen (JPY) after the Federal Reserve (Fed) meeting. The Fed did not change interest rates, and Fed Chair Jerome Powell emphasized that the economy is healthy but noted existing uncertainties. The market expects some easing by the end of the year. On Japan's side, the Bank of Japan (BoJ) also kept its policies unchanged while acknowledging risks related to trade and economic uncertainty. Analysts predict some tightening by the end of the year, focusing on inflation data. In technical analysis, the USDJPY currency pair is testing a key resistance level. Sellers may enter the market, expecting a drop toward the 140.00 level. However, if the price breaks above this level, buyers could aim for 160.00. On shorter timeframes, a bearish trend is evident around the 150.00 resistance zone. Sellers may push prices lower if the upward trendline is broken. The upcoming economic reports include US Flash PMIs, Consumer Confidence, Jobless Claims, and Japan's CPI, which could influence market movements.