The Japanese yen continues to show persistent weakness against the U.S. dollar. The dollar could potentially rise to 160 yen.
Market participants await a crucial decision from the Bank of Japan. This upcoming announcement is expected to influence currency valuations.
Analysts project the dollar-yen pair may trade within a range of 158.80 to 160.40. Traders are reportedly adjusting their positions in anticipation of the central bank’s policy update.
