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. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=x&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 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 Like and subscribe for more financial market insights. #StoneX #MichaelBoutros #USDJPY #JapaneseYen #FederalReserve #BankOfJapan #Forex #TreasuryYields #TechnicalAnalysis #CurrencyMarkets