The USD/JPY exchange rate has recently seen a decline as markets closely monitor upcoming actions from the Federal Reserve and the Bank of Japan (BoJ). The pair has retracted to a low of 152.45, dropping from this month’s high of 154.82. Traders should assess the potential impact of these central banks’ decisions on the exchange rate as these actions drive market behavior. Changes in interest rates and economic policy will likely influence the USD/JPY dynamics significantly. Staying in tune with central bank communications can provide critical trading insights in this evolving environment.