USD/JPY weakened due to the interest rate direction of the Federal Reserve (Fed), US Treasury yields. and economic data that is starting to relax

Shunichi Suzuki, Minister of Finance of Japan has reaffirmed his readiness to take measures to deal with excessive foreign exchange market volatility. Additionally, policymakers at the Bank of Japan (BoJ) are closely monitoring exchange rate movements to shape future monetary policy. Investors anticipate that Japan may see an interest rate adjustment in the early next year.

Kazuo Ueda, Governor of the Bank of Japan (BoJ), has reaffirmed his support for ultra-accommodative monetary policy. This is because Japan does not experience inflation very often and has an inflation target of 2%. Additionally, the BoJ's additional goal is to stimulate wage growth that has not been seen in a long time.