JPY Holds Steady Against USD Amid Anticipation of BOJ Rate Decision

The yen is trading in a narrow band against the dollar as market participants await the Bank of Japan's upcoming policy announcement. Traders are closely monitoring signals from the BOJ, with expectations centered on potential interest rate adjustments that could reshape currency dynamics. The consolidation pattern reflects underlying uncertainty—will the central bank maintain its accommodative stance or signal a shift toward tightening? Each scenario carries distinct implications for the yen's trajectory. Meanwhile, the dollar remains relatively stable, though its path depends heavily on broader US economic data and Fed positioning. For investors tracking currency pairs, this period of equilibrium may not last; once the BOJ makes its move, volatility could spike sharply.