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USD/JPY Price Analysis: Yen Rallies as BoJ Tightens Policy

by Forex Crunch
January 24, 2025
in Forex Analysis
Reading Time: 1 min read

Japan’s CPI rose by 3.0% in December.  The Bank of Japan hiked rates by 25-bps on Friday morning, boosting the yen. Data revealed a slight increase in US jobless claims last week. The USD/JPY price analysis shows a bullish day for the yen after upbeat inflation data and a rate hike from the Bank of…
The post USD/JPY Price Analysis: Yen Rallies as BoJ Tightens Policy appeared first on Forex Crunch.
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