With expectations for a Bank of Japan rate hike growing, USD/JPY remains range-bound and awaits a directional break. After rising to around ¥158.50 during Asian trading hours, it is currently trading around ¥158.20.
As views that expectations for a Bank of Japan rate hike are growing continue to circulate, USD/JPY remains range-bound. Trading became more active during Asian hours.
USD/JPY extended the previous session's downward trend, briefly reaching an intraday high of ¥158.50 before coming under selling pressure and trading around ¥158.20.