USD/JPY treads waters to snap the recent losses

Hello everyone! The USD/JPY pair is currently facing difficulties in bouncing back from its losses from the previous day. It is currently hovering around 146.67 during the Asian session on Tuesday. The downward pressure on the pair can be attributed to the optimistic statements made by the Bank of Japan (BoJ), as well as the lackluster performance of the US Dollar (USD). We are eagerly awaiting the release of the US Consumer Price Index (CPI) to see if it will have any impact on this situation.

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Seko added that BoJ Governor Ueda has said that the exit from easing policy will take place after achieving the 2% inflation target.

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UJ is moving up according to the technical indicator