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FX Desk

US Dollar slips against the Japanese Yen before the Bank of Japan raises rates

By FXStreet

US Dollar slips against the Japanese Yen before the Bank of Japan raises rates

USD/JPY trades near 156.00 after a session high at 156.32 and a low at 155.34, which leaves it three Yen above the September 8 low and four below the September 2 high. The Bank of Japan announces at 02:45 GMT on Friday and a quarter-point increase to 1.25% is priced at 100%.

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  1. Japanese Yen: Further weakness could target 157.30 against US Dollar - UOB
  2. Forex Today: US Dollar eases ahead of Bank of Japan decision
  3. Bank of Japan is expected to deliver a hawkish hike, pressured by rising inflation
  4. British Pound slides after the Bank of England stays put
  5. Sterling today: Pound falls as BoE holds rates, cautious minutes weigh

Source: FXStreet