USD/JPY Marches to Three-Month High Amid BoJ's Policy Update
Monday, 4 March 2024, 14:26
USD/JPY Surges Towards 151.00
The USD/JPY pair is on the rise, nearing a three-month high as it aims for the key level of 151.00.
Bank of Japan's Policy Update
The Bank of Japan's decision to delay policy normalization has influenced the upward movement of the USD/JPY pair.
Market Sentiment
- 150.80: The currency pair reached a three-month high during the early New York session.
- Traders: Market participants are closely watching the BoJ's stance for future implications on the USD/JPY direction.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.