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USD/JPY Hovers Near 156 as Yen Strength Keeps Pressure on the Dollar

USD/JPY Hovers Near 156 as Yen Strength Keeps Pressure on the Dollar

USD/JPY remains under pressure near 156, after falling sharply from above 160 earlier this month.


The yen continues to draw support from expectations of a BOJ rate hike, while markets also reassess the outlook for U.S. interest rates.


The 155 level remains a key technical area. A sustained break below it could strengthen the yen further and increase downside pressure on USD/JPY.