As per Bpaynews, the dollar weakened broadly as markets priced a near-certain December Federal Reserve rate cut, pushing USD/JPY lower toward 153.50. The yen found support after Bank of Japan Governor Kazuo Ueda left a rate hike on the table, with markets now pricing a 36% chance of a December increase. Key technical levels include 153.50 as daily support and 155.66 as intraday resistance. Upcoming U.S. data including ISM, ADP, and jobless claims will be closely watched ahead of the FOMC meeting.
USD/JPY Drops Toward 153.50 as Yen Gains on Fed Cut Odds and BoJ Signals
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