The yen fell past 149.5 per dollar, a two-week low, ahead of the BoJ's policy decision. The central bank is expected to hold rates at 0.5% on Wednesday while assessing U.S. policy impacts. Despite a pause, rate hikes are anticipated later this year as rising wages and inflation support policy normalization. Major firms agreed to wage hikes for the third straight year, increasing consumer spending and inflation.
Key resistance is at 150.30, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
Key resistance is at 150.30, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
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