In the early hours of Monday, the USD/JPY exchange rate edged higher as investors turned their attention to the upcoming interest rate decisions from both the Federal Reserve and the Bank of Japan. This rise saw the pair reach a high of 148.75, bouncing back from its low of 146.56 observed earlier this month. The upcoming central bank meetings promise to offer insights into monetary policy, which may lead to substantial fluctuations in the USD/JPY exchange rate.