Forex
BOJ Opinion Release Triggers Dollar-Yen Pair Volatility
The dollar-yen pair has rebounded to the upper 157-yen level after briefly dipping to the upper 156-yen range following last week's U.S. employment report.
The market is on edge ahead of the release of opinions from the Bank of Japan's latest monetary policy meeting and speculation over further currency intervention.
The BOJ's opinions will be crucial in determining the yen's direction, particularly with regards to the timing of the next rate hike.