USD/JPY HANGS NEAR FRESH YTD LOW AMID RISING BOJ RATE HIKE BETS
USD/JPY Near Yearly Low: The USD/JPY pair is close to its lowest level this year at 150.46.
BoJ Rate Hike Expectations: The Bank of Japan (BoJ) is expected to raise interest rates, making the Japanese Yen stronger.
Higher JGB Yields: Japanese government bond (JGB) yields are rising due to BoJ’s policy outlook, supporting the Yen.
US Tariff Talks: Ongoing discussions about US tariffs are keeping pressure on USD/JPY.
Upcoming US Data: Markets are watching US job data and Federal Reserve speeches for further direction.
