On Monday, the USD/JPY declined by 0.15%. Following a 0.25% gain on Friday, the USD/JPY ended the day at 147.604. A range-bound session saw the USD/JPY rise to a high of 147.878 before falling to a low of 147.556. Bank of Japan and Government Interventions The market focus remains on the Bank of Japan today. Uncertainty shrouds the Friday monetary policy decision. Mixed signals from Board members have fueled speculation of a move away from negative rates. In August, Board member Naoki Tamara talked about ending negative rates in 2024. Bank of Japan Ueda also discussed conditions under which the Bank of Japan would ... (full story)