Uploaded July 2026 | Updated September 2026, 2 weeks ago

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Michael Boutros, FOREX.com Senior Market Analyst, examines the USD/JPY outlook ahead of the Federal Reserve and Bank of Japan rate decisions, highlighting the key technical levels, Treasury yield correlation and why a break above 164 could open the path toward 165. He also explains how market positioning, Fed expectations and BOJ policy could shape the next major move for the Japanese yen.

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USD/JPY Short Positioning Risks a Volatility Surge: stonex.com/en/insights/usd-jpy-short-positioning-risks-a-volatility-surge

00:00 - FOMC & BOJ Rate Decisions
01:34 - USD/JPY Daily Chart Setup
02:05 - USD/JPY 4-Hour Timeframe
03:43 - Fed Fund Futures & Data
05:43 - Sentiment & BOJ Outlook

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