USD/JPY dives sharply to near 154.00 as the Japanese Yen performs strongly on safe-haven demand. The BoJ hikes interest rates by 25 bps but didn’t provide a specific interest rate hike path.

On Wednesday, January 29, Japan’s consumer confidence data could influence the USD/JPY pair’s trajectory. Economists forecast the Consumer Confidence Index to rise modestly from 36.2 in ...

But with a 25 basis point rate hike almost fully priced in, could this recent USD/JPY dip offer a buy-the-dip opportunity, or will we see a more decisive bullish trend emerge for the yen?

The USD/JPY has lost more than 1.5% of its value over the last six trading sessions, allowing the Japanese yen to regain ground against the prolonged bullish trend favoring the US dollar. This ...