Yen Strengthens, Awaits BOJ Himino's Comments

The Japanese yen strengthened past 154.5 per dollar on Thursday, marking a second straight gain as investors awaited BOJ Deputy Governor Ryozo Himino’s remarks. Earlier this month, Himino signaled the January 24 rate hike, fueling speculation of a continued hawkish stance. The BOJ raised rates and upgraded inflation forecasts in January but remains cautious, with future decisions depending on inflation, wages, and global risks. Meanwhile, the Fed paused its rate cuts, noting inflation remains “somewhat elevated.”

Key resistance is at 155.60, with targets at 158.70 and 160.00. Support stands at 153.80, followed by 151.90 and 149.20.