USD/JPY in Turmoil Ahead of Fed and BOJ Decisions

The USD/JPY pair is under intense focus as traders await key decisions from both the Federal Reserve and Bank of Japan this week.

The US dollar has been gaining strength against the Japanese yen, leaving investors uncertain about where to go next. This is understandable given the significant events scheduled for release.

The Fed will announce an interest rate decision on Wednesday, accompanied by a press conference, which is always highly anticipated.

In contrast, the Bank of Japan's interest rate decision will be released late Thursday in North America and early Friday in Asia.