US Dollar (USD) could edge higher, but momentum does not appear to be strong enough to break clearly above 156.20. In the longer run, for a sustained decline, USD must first close below 154.65.

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USD/JPY retreats from 156.40 as BoJ’s Ueda reiterates interest rate hike plans

The USD/JPY pair gives up some of its intraday gains after posting an intraday high around 156.40 during the European trading session on Tuesday. Still, the pair is 0.12% higher at around 156.10.

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Japanese Yen Forecast: USD/JPY Falls as Wage Growth Fuels BoJ Hike Bets

Stronger Japanese wage growth and Q3 GDP revisions fuel BoJ hike speculation, pressuring USD/JPY lower as traders eye key U.S. inflation data and Fed cut odds.

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Japanese Yen Forecast: USD/JPY Slips on Surging JGB Yields Ahead of PCE

BoJ tightening signals lift the yen as USD/JPY tests support. Household spending data is shrugged off, leaving US PCE in focus.

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USD/JPY Tests Key Support at 155 as Ueda Tests the Tightrope

The US Dollar has pushed down to a lower-low earlier today and that goes along with a continued breakout in GBP/USD and a test of fresh highs and bullish structure in EUR/USD. In USD/JPY, however, the ...

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