The USDJPY exchange rate has registered gains for the third consecutive day following the latest Bank of Japan (BoJ) interest rate decision. The exchange rate jumped to an intraday high of 143.67, recovering from the year-to-date low of 139.95.

This upward movement reflects market reactions to the BoJ’s policies, as traders adjust their positions accordingly.

Market analysts suggest that the inverse cup and handle pattern forming may indicate a potential surge for the yen, and traders should be prepared for further volatility.