USD/JPY Forecast: Risky Pattern Emerges Before BoJ Meeting
The USD/JPY currency pair rebounded last week as the US Dollar Index recovered from annual lows. The pair witnessed a rise from 139.95 to a peak of 143.2, an increase of 2.7%. As market participants look forward to the Bank of Japan’s decisions, volatility remains a significant factor. Traders must analyze the patterns forming in this pair leading up to the BoJ meeting. Will these movements dictate future strength or volatility in the USD/JPY?