The USD/JPY pair comes under some selling pressure during the Asian session on Thursday and snaps a two-day winning streak to the weekly high, around
the 147.75 region touched the previous day. Spot prices drop to the 147.00 mark, or a fresh daily low in the last hour, with bears now awaiting a sustained break and acceptance below the 200-hour Simple Moving Average before positioning for any further losses.monetary policy
, which, in turn, is seen as a key factor weighing on the USD/JPY pair. In fact, the markets are now betting that the central bank may scrap its yield-curve control policy and put an end to negative interest rates as early as this year, especially after theIn an interview with Yomiuri newspaper, Ueda signalled that hiking interest rate is among the options available if the BoJ becomes confident that prices and wages will keep going up sustainably.
Apart from this, the emergence of some US Dollar selling, amid the uncertainty over the Federal Reserve's future rate-hike path, contributes to the offered tone surrounding the USD/JPY pair. The US consumer inflation figures released on Wednesday ensured that the
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