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Forex

USD/JPY Rebounds as BoJ Rate Hike Looms

Guavy AI Editorial Team
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USD JPY
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The Japanese Yen slipped against the US Dollar on Monday as the Greenback stabilized after last week's sharp volatility.

The US Dollar Index (DXY) traded around 98.95, attempting to regain the 99.00 psychological mark.

Hawkish expectations for the Bank of Japan (BoJ) are offering limited support to the Yen, with fiscal concerns still dominating sentiment.

According to Scotiabank strategists, the market narrative has shifted from potential Japan intervention to fundamentals ahead of the September 18 BoJ meeting.

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