The USD/JPY currency pair is currently consolidating as traders await the Bank of Japan's (BOJ) upcoming meeting, with a 25 basis point rate hike largely priced in for December 19. While the exchange rate remains under pressure, it has yet to exhibit significant follow-through, indicating a cautious approach among market participants.
Technical levels suggest near-term support for USD/JPY is positioned between 155.10 and 153.90. For the Japanese yen to recover meaningfully, investors will be looking for stronger guidance from the BOJ alongside fiscal prudence and a potential softening of the USD. The outcome of the BOJ meeting could have substantial implications for the trading dynamics of this currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 12:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.