USD/JPY continues its downward trend today, trading around 153.073, marking a 0.15% pullback for the day.
However, this trend isn’t too concerning, as USD/JPY is holding defensively below 153.50, with the Japanese yen showing a slight positive movement despite limited bullish momentum. Uncertainty around potential rate hikes by the Bank of Japan, combined with the market’s optimistic sentiment, has restrained any significant gains for the yen.