Japanese Yen bulls remain on the sidelines amid BoJ rate-hike uncertainty – FXStreet

Japanese Yen bulls are staying cautious as uncertainty looms over the possibility of a rate hike by the Bank of Japan. The current situation has left them on the sidelines, hesitant to make any major moves. The lack of clarity from the central bank has kept investors wary, leading to a period of indecision in the market. As a result, the Japanese Yen has been trading in a tight range, with no clear direction in sight. Traders are eagerly awaiting any updates or hints from the BoJ to provide some much-needed clarity and guidance. Until then, it seems that the Japanese Yen bulls will remain on the sidelines, waiting for a clearer picture to emerge.