The USD/JPY pair attracts some sellers to around 155.25 during the early Asian session on Thursday. The US Dollar (USD) softens against the Japanese Yen (JPY) on weaker-than-expected US jobs data and expectations of further US rate cuts.
Bitcoin (BTC) is showcasing strength, trading marginally below $93,000 at the time of writing on Wednesday. Altcoins, including Ethereum (BTC) and Ripple (XRP), are extending mild intraday gains, moving in tandem with Bitcoin and the larger cryptocurrency market.
USD/JPY traded subdued at 155.70 as markets await the December BoJ rate hike, with momentum mildly bearish and RSI slipping, OCBC's FX analysts Frances Cheung and Christopher Wong note.