Growing expectations of a Bank of Japan rate hike are weighing on USD/JPY, and a corrective phase marked by volatility is expected to continue in the short term.

USD/JPY was weighed down by growing expectations of a Bank of Japan rate hike, and a corrective phase marked by volatility is expected to continue in the short term. USD/JPY edged lower in Asian trading and remained around 159.30.

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The story

USD/JPY has been weighed down by growing expectations of a Bank of Japan rate hike, and a corrective phase marked by volatility is expected to continue in the short term.

USD/JPY edged lower in Asian trading, with the exchange rate remaining around 159.30. The recent increase in expectations for further monetary policy adjustments by the Bank of Japan has been cited as a contributing factor.

At a glance

MarketUSD/JPY is trading around 159.30

OutlookExpectations are growing for the Bank of Japan to make further monetary policy adjustments

PhaseA corrective phase marked by volatility is expected to continue in the short term

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