USD/JPY approaches the weekly high (140.31) as Federal Reserve officials project a steeper path for US interest rates, and the exchange rate may attempt to clear the opening range for June as it trades within an upward trending channel. USD/JPY Post-Fed Rebound Brings BoJ Rate Decision in Focus USD/JPY appears to have reversed course ahead of the monthly low (138.44) as it retains the advance from the start of the week, and the exchange rate may appreciate ahead of the Bank of Japan (BoJ) meeting as Chairman Jerome Powell reveals that ‘nearly all participants think further rate changes will be necessary.’ {chart} The ... (full story)