The Yen strengthens against the US Dollar amid growing expectations of a December rate hike by the Bank of Japan (BoJ).
Market sentiment is shifting towards a BoJ policy normalization, with a 61% probability priced in for a 25 bps hike.
US economic data has added to USD weakness today aiding Yen gains.
USD/JPY approaches a key confluence support area between 150.80 and 150.00.
Most Read: Trading GBP/USD: Key Levels to Watch Ahead of US Data
USD/JPY has continued its decline today as US Dollar w
27-11-2024 10:07 GMT
by Zain Vawda