The USD/JPY experienced a small uptick following a confirmation of existing currency policies from the US and Japan. However, it soon edged lower as Japanese government bond yields increased at the long-end of the curve. Analysts from BBH FX highlight the significance of these developments on market sentiment. As the BoJ signals caution, investors are observing the effects on USD/JPY closely. The interplay between interest rates and currency performance will be critical in understanding the next stages of this forex pair’s journey.