USD/JPY Rockets Past 160: Yen Dives as BOJ Stays Dovish Amid US Rate Hike Hopes
USD/JPY climbs to multi-decade highs as the yen weakens following the Bank of Japan’s decision to maintain a dovish stance. With the Fed poised to hike rates further, the divergence in monetary policies continues to fuel dollar strength. Traders should watch key resistance at 161.50–162.00 amid potential intervention risks. Full analysis by Mitrade News.
