USD/JPY Trends Down as Market Anticipates BoJ Decision
The USD/JPY pair continues to trend lower as the market anticipates a potential rate hike from the Bank of Japan (BoJ) next week. This speculation adds to the current bearish sentiment towards the dollar. Traders are adjusting their positions in response to market expectations. Concerns over a possible 22 basis point hike during the upcoming Monetary Policy Committee meeting have emerged. Staying updated with economic news will be crucial for traders navigating these shifting dynamics.