Forex
USD/JPY Hangs in Balance as Fed and BOJ Decisions Loom
The USD/JPY exchange rate is currently hovering near 155.40 as market participants await policy guidance from the Federal Reserve and Bank of Japan.
Momentum for a rate hike by the Fed has been building, driven in part by recent inflation data showing significant stickiness in August's headline and core consumer prices.
The U.S. Treasury yield touched 5.041% on Tuesday, reaching a new high since 2007, before retreating to around 5%, further strengthening expectations for Fed rate hikes.