The dollar/yen continues to fall as investors anticipate both the BOJ and the Fed would tighten their policies in response to the ongoing uncertainty surrounding the US elections.
USD/JPY began the week at a lower level of 157.43 and dropped to 156.28 early in the morning. Although historical highs were observed in the 161 zone, which is where the USD/JPY decline began, the trend is still negative even after the partial dollar rally last week.
Due to the uncertainty surrounding the US elections, investors are expecting changes in policy from both the Federal Reserve and the Bank of Japan, which has caused the value of the Japanese yen to rise.
The USD/JPY dipped to 156.28 early in the day after starting the week at 157.43. Despite the pair's brief dollar bounce last week, the bearish trend is still in place. The pair's downtrend began in the 161 zone, where it hit historical highs.
