Japanese Yen faces challenges amid unclear BoJ interest rate decisions

USD/JPY Holds Gains Amid Market Uncertainty

The USD/JPY currency pair has maintained its upward momentum for a third consecutive session, following a rise of more than 0.5% on Thursday. As of Friday's Asian trading hours, the pair is hovering near 159.60. Trading volume remains subdued due to the Good Friday holiday, resulting in limited price movement.

The Japanese Yen continues to weaken against the US Dollar, largely because of growing uncertainty surrounding the Bank of Japan's future policy decisions. Although the central bank has signaled the possibility of a rate increase this month, investors are still unsure if any definitive guidance will be provided before the scheduled policy meeting on April 28.