Dollar-yen rebounds from ¥146.60 againUS Dollar/Japanese YenFX:USDJPYMichael_Stark_ExnessDollar-yen has been overall sideways for several weeks since the beginning of August amid generally lukewarm data from Japan. A hike in September by the BoJ had been expected earlier this year but now seems very unlikely while the Fed is likely to cut twice before the end of 2025. The BoJ’s governor Kazuo Ueda recently stated that wages are likely to continue rising, which would mean that a rate hike seems possible at some point later in the year. ¥146.60 is a confirmed support in the short term with a number of unsuccessful tests in August. Around ¥148.30 might be a resistance but this isn’t confirmed yet, having been clearly tested only twice in the last few weeks. As for many other major pairs including euro-dollar, overall activity and volume have been low in August, which is seasonally normal. The next clear movement might occur with the return of volume in September around the NFP or the Fed’s meeting. Traders are also looking ahead to the BoJ’s meeting on 19 September for possible hints on a hike later in the year or early 2026. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.