USD/JPY holds steady at 153.20 as BoJ maintains policy, China PMI weighs

USD/JPY remains unchanged at 153.20 following the Bank of Japan's decision to keep monetary policy on hold as widely expected. The yen showed limited reaction despite disappointing Chinese PMI data that typically weighs on risk sentiment. China's manufacturing PMI fell below expectations, signaling continued economic weakness in Japan's largest trading partner. The BoJ's decision to maintain its ultra-loose policy stance contrasts sharply with other major central banks, keeping downward pressure on the yen. Market participants noted muted volatility across Asian FX pairs despite the weak Chinese data. Technical analysis shows USD/JPY trapped between 152.80 support and 153.50 resistance, with a neutral bias prevailing. The pair's next directional move likely depends on upcoming US economic data and any shifts in global risk sentiment. Traders should monitor the 154.00 psychological level as a key upside target.