Move higher in USD/JPY was a reflection of hawkish Fed cut and disappointment over dovish BOJ hold. USD/JPY last seen at 154.16 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

March 23, 2026

Move higher in USD/JPY was a reflection of hawkish Fed cut and disappointment over dovish BOJ hold. USD/JPY last seen at 154.16 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.





