The USD/JPY currency pair experienced a pullback on Thursday, as the US Dollar weakened broadly. At the time of writing, USD/JPY is trading around 158.30, retreating from the one-week high of 159.00 touched earlier in the European session. This move highlights the ongoing pressure on the Greenback, with the yen gaining ground against its major counterpart.
Market participants are closely monitoring key events, including the Bank of Japan's upcoming policy decision and Japan's latest consumer price index (CPI) data. Any surprises in these reports could influence the exchange rate, as the BoJ's stance on inflation and interest rates remains a key factor in determining the JPY's performance. The near-term outlook for USD/JPY depends heavily on these developments, as well as broader trends in global risk sentiment.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-22 19:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.