Japanese Yen sticks to losses against bullish USD as traders await Fed, BoJ meetings loom
The USD/JPY pair sticks to a positive bias for the second straight day and trades above mid-154.00s during the Asian session on Tuesday amid a broadly firmer US Dollar (USD). Spot prices, however, lack bullish conviction as traders seem hesitant ahead of this week's key central bank events.
The USD/JPY pair remains under pressure, trading in the mid-154.00 range as traders await key meetings from the US Federal Reserve and Bank of Japan. The focus will be on the central banks' policy outlook, which could influence the direction of the currency pair. While a more hawkish stance from the BoJ may support the Japanese Yen, the bullish sentiment surrounding the USD, driven by higher US bond yields and geopolitical uncertainties, may provide some support to the pair.
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