The USD/JPY currency pair has retreated to its lowest level in 4 weeks amid strong selling pressures, due to a decline in U.S. bond yields and increasing expectations for a monetary policy easing from the Federal Reserve.
💡 Despite this decline, the pair saw a slight rebound, trimming some losses, as investors await upcoming U.S. data for clearer signals regarding interest rate direction.
The current movement reflects a state of anticipation and uncertainty in the markets, which may open up short-term trading opportunities.