The Bank of Japan (BoJ) is set to announce its interest rate decision between 03:30 and 05:00 GMT, with Governor Kazuo Ueda scheduled to hold a press conference at 06:30 GMT. Market participants are keenly observing this announcement, as any indication of a shift in monetary policy could significantly impact the USD/JPY currency pair. Currently, the exchange rate hovers around 148.50, with traders speculating on potential volatility.
Analysts anticipate that a hawkish stance could strengthen the yen, leading to a decline in USD/JPY, while a more dovish outlook may drive the pair higher. With the EUR/USD also in focus, the overall sentiment in the forex market suggests that traders are preparing for increased fluctuations across major currency pairs following the BoJ's decision. Investors are closely monitoring technical levels that could signal further trading opportunities in the wake of this critical event.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 04:09
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.