BOJ Hike Bets Spark USD/JPY Volatility Surge
USD/JPY volatility has spiked due to rising expectations of a Bank of Japan (BOJ) interest rate hike.
The BOJ's decision to maintain its ultra-loose monetary policy has been a significant factor in the currency pair's recent movements.
However, with inflation concerns growing and the yen weakening, investors are now pricing in a higher likelihood of a BOJ rate increase, leading to increased volatility in the USD/JPY market.