After the recent announcement of BOJ Governor Haruhiko Kuroda’s replacement by Toshihide Endo, the market is closely watching the USD/JPY pair. With the Bank of Japan under new leadership, investors are eager to see how policies may shift and impact the currency pair.
Prior to the BOJ announcement, the USD/JPY pair was already facing pressure due to uncertainty surrounding the Federal Reserve’s monetary policy under Chairman Jerome Powell. This uncertainty has contributed to the recent volatility in the currency pair.
As traders wait for more clarity on both the BOJ’s direction under Endo and the Fed’s policies under Powell, the USD/JPY pair could continue to experience fluctuations. It will be important to closely monitor any developments from both central banks to gauge the future direction of the currency pair.