USD/JPY Exchange Rate Target Zone Wider than Usual

The width of the USD/JPY medium-term exchange rate target zone wider than usual (>15 %). After strongly defended at central band of medium-term 108.50, the pair pressured down to 108.90 and pushed up back and supportive for JPY-pairs to rally in short-term.

USD/JPY is an economic and monetary currency and it is considered to be stable by monetary as long as fluctuated interior her current medium-term exchange rate target zone 118.00 - 100.00. At current market condition, the pair could be prolonged to be flat at central band/central parity by moving to upward/downward temporary.