USD/JPY remains below the 160.50 intervention zone in the Asian session on Wednesday. Despite the BoJ’s rate hike to its highest level since 1995, Japan’s borrowing costs remain significantly lower than the US, undermining the Japanese Yen. However, thpair US Dollar remains on the back foot amid the optimism over the US-Iran peace deal and ahead of the Fed policy decision, weighing on the pair.
About The Author
