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📊 Current Market Snapshot

The $USD/JPY pair is trading around ¥157+ per 1 USD, indicating the yen is relatively weak versus the US dollar. �

TradingView

📉 Recent Movement

The yen has weakened recently even after the Bank of Japan (BoJ) raised interest rates. Markets had anticipated the rate hike, so the actual impact led to further yen selling rather than strengthening. �

FXStreet +1

🏦 Monetary Policy Context

The Bank of Japan raised rates to a 30-year high (0.75%), signaling tighter policy to control inflation. Despite this, the yen has not gained much traction, possibly because markets expected it and because Japan’s rate hikes still leave it low relative to other major central banks. �

Financial Times +1

⚠️ Risks & Government Response

Japan’s Finance Minister warned of potential action if the yen moves too sharply one-sided, a sign authorities are watching currency volatility closely. �$jpy

Reuters

📌 Short-Term Bias

Market sentiment remains tilted bearish for the yen near current levels, with $USD/JPY strength continuing unless new catalysts push the yen stronger (like clearer BoJ guidance or risk-off sentiment). �

FXStreet

🧾 Summary

Weakness persists: JPY remains weak against major currencies, particularly the USD.

Policy tightening insufficient so far: Even with BoJ rate hikes, the yen is not gaining strong support.

Watch for volatility: Officials may intervene if moves become “excessive” — a key risk factor.#WriteToEarnUpgrade