#TurnTHEvolumeUP
📊 Current Exchange Rate Context
The $USD/JPY exchange rate is currently trading around ¥157–158 per US dollar, indicating a weak yen relative to the dollar compared with earlier in the year. �
Investing.com +1
📉 Recent Market Movement
The yen has weakened recently, with USD/JPY rising and yen underperforming across foreign exchange markets. This weakness persists even after the Bank of Japan’s (BOJ) recent monetary policy decision. �
FXStreet
🏦 Monetary Policy Influence
The Bank of Japan has raised interest rates to about 0.75%, the highest level in roughly 30 years to combat inflation, yet the yen has still weakened. This suggests that other forces — such as fiscal concerns or external factors — are overwhelming the typical rate-support for the currency. �
Financial Times +1
📌 Key Drivers $JPY
Interest rate decisions: BOJ tightening is a supportive factor for the yen, but recent hikes have not been strong enough to immediately reverse broader weakness. �
Financial Times
Dollar strength: A stronger US dollar continues to put downward pressure on the yen. �
FXStreet
Market sentiment: Forecasts in the short term show a continued bullish sentiment on USD/JPY, which implies further yen weakness near term. �
CoinCodex
📈 Outlook
Short term: Likely to remain in a weak yen / higher USD/JPY range, unless unexpected data shifts sentiment. �
CoinCodex
Medium term: Factors like BOJ policy path, US interest rate direction, and global risk sentiment will influence moves; continued U.S. dollar strength could maintain pressure on the yen.$USD/JPY
📌 Summary
Neutral to slightly bullish bias near key supports (as long as price stays above ~155). �
Investing.com South Africa
Key resistance ~156.30–157.80 — a breakout here adds upside potential. �
FXStreet
Important downside zone ~154.35–155.00 — break here tilts bias bearish. �