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The USD/JPY pair is gaining momentum after rebounding from the 154.00 level, driven by diminished expectations of a Bank of Japan (BoJ) rate hike. Reduced speculation about tighter monetary policy in Japan is weakening the yen, supporting the dollar. This shift reflects ongoing pressure on the JPY amid global forex market dynamics. Traders are closely monitoring whether the 154.00 level will hold as a key support, which could signal further bullish potential. The move highlights the impact of central bank policy expectations on currency pairs.
