USDJPY Pressures Below 155 as BoJ Rate Hike Speculation Boosts Yen Strength
Over the past three trading days, USDJPY continued its weakness, closing at 154.768 yesterday, down approximately 0.28% from the previous day. The pair has been pressured by growing speculation of a rate hike from the Bank of Japan (BoJ), which has strengthened the Japanese Yen against the US Dollar. Weak US economic data and rising safe-haven flows into the Yen have further weighed on the Dollar. This week’s market mood is driven by anticipation ahead of BoJ’s policy meeting and upcoming US nonfarm payroll data, creating a risk-off environment. For average investors, despite recent dollar softness, it’s critical to monitor key technical support levels and maintain risk management strategies amid potential volatility.


