USD/JPY exhibited a subdued trading pattern, holding steady at an exchange rate of 155.70 as market participants anticipate the BoJ's December rate decision. With momentum trending mildly bearish and the Relative Strength Index (RSI) showing signs of decline, traders are closely monitoring any shifts that could affect the currency pair's trajectory.
The upcoming announcement from the Bank of Japan (BoJ) is a pivotal event for the USD/JPY. Analysts from OCBC, including Frances Cheung and Christopher Wong, suggest that the market's current position reflects uncertainty ahead of potential rate hikes. Any changes in the BoJ's stance could significantly impact the trading dynamics, influencing both the Japanese yen and the broader forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 09:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.