USD/JPY trading plan after BOJ rate decision

USD/JPY didn’t move much because the market already had forecasted 25 basis point hike, there was no surprise.

Upward break of the triangle may lead the pair to the nearest resistance 160.60 (triangle’s high) - 160.70 (swing high of April 30) area. Downward break will push it to 159.50 area, pretty close to swing low made on June 11.