USD/JPY Treads Water Ahead of Crucial Fed and BoJ Decisions
The USD/JPY currency pair is testing resistance at ¥156 ahead of key decisions from the Federal Reserve and Bank of Japan.
Traders are closely watching the upcoming meetings for clues on future monetary policy, which could impact currency exchange rates.
The Fed's decision may have a significant effect on the USD/JPY, as interest rate changes can influence investor appetite for Japanese yen.