USD/JPY Trades Cautiously Ahead of BOJ Decision
The USD/JPY trading pair is moving cautiously on Thursday as investors await the Bank of Japan's (BoJ) monetary policy decision on Friday. The Federal Reserve (Fed) delivered a widely expected 25-basis-point rate hike on Wednesday, which has led to markets almost fully pricing in a BoJ decision.
At the time of writing, the USD/JPY pair is trading around 156 after touching an intraday low of 155.34. The pair's movement suggests that investors are weighing their options ahead of the BoJ's announcement on Friday.