USD/JPY PARES GAINS TO NEAR 149.00 AMID RENEWED US DOLLAR SELLING
USD/JPY is dropping: The pair is losing some of its earlier gains, trading near 149.00.
Earlier high this week: It had hit a multi-month peak earlier but is now easing.
US Dollar weakness: The US Dollar is facing selling pressure, pushing the pair lower.
BoJ rate hike expectations: Traders expect the Bank of Japan (BoJ) to raise interest rates, which limits USD/JPY’s rise.
Trade war concerns: Ongoing fears about global trade conflicts also affect the market.
