USD/JPY Trades Higher To Near 156.30 Ahead Of FOMC Minutes
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The USD/JPY pair is trading 0.17% higher at nearly 156.30 during the Asian session, with the Japanese Yen under pressure. The Bank of Japan (BoJ) indicated a continued monetary tightening path into 2026, raising interest rates by 25 basis points to 0.75%. BoJ members emphasized the need for further rate hikes to strengthen the Yen. Meanwhile, the US Dollar Index remains flat at around 98.00 ahead of the Federal Open Market Committee (FOMC) minutes release, where the Fed recently cut rates by 25 basis points to 3.50%-3.75%.
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