Japanese Yen Weakens Amid BoJ Uncertainty; USD/JPY Shows Signs of Rebound
The Japanese Yen (JPY) faces challenges as it drifts lower against the US Dollar, struggling to capitalize on prior gains. As of Tuesday’s Asian session, fresh selling pressure has emerged, especially amid questions about the timing of the Bank of Japan’s next rate hike. The USD/JPY pair, however, displays signs of a rebound from a one-week low. Investors should stay vigilant about developments that may influence the Yen and Dollar’s interaction in the near future.
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