USD/JPY Price Forecast: Pair Stalls Below 156.00 as Momentum Fades

Pair stalls below 156.00 as momentum fades

The Japanese Yen (JPY) trades on the front foot versus the United States Dollar (USD) on Monday, supported by company expectations that the Bank of Japan (BoJ) will raise rates of interest at its December 19 financial policy conference. Nevertheless, the Yen’s benefit does not have strong follow-through, as the Greenback discovers some assistance ahead of a heavy United States financial information lineup due on Tuesday. At the time of composing…

USD/JPY Price Forecast: Pair stalls below 156.00 as momentum fades

The Japanese Yen (JPY) trades on the front foot against the US Dollar (USD) on Monday, supported by firm expectations that the Bank of Japan (BoJ) will raise interest rates at its December 19 monetary policy meeting.