COMMERZBANK FORECASTS USD/JPY MOVES IN LIGHT OF RECENT MONETARY POLICY DEVELOPMENTS
Bank of Japan Decision: The Bank of Japan kept interest rates at 0.25% in its recent meeting and is unlikely to raise them soon.
Impact on USD/JPY: This decision has already influenced the USD/JPY exchange rate.
Focus on Next Meeting: Traders are now looking ahead to the Bank of Japan's January meeting for further developments.
US Monetary Policy: The hawkish rate cut in the US also plays a role in USD/JPY movements.
