Yen Consolidates Ahead of BOJ's Decision

In the morning session, the yen stabilizes against other G-10 and Asian currencies as traders anticipate the Bank of Japan's decision. Although the bank is expected to maintain the current interest rates, the financial community is keenly watching for hints on future rate hikes. There is speculation on whether the Bank will adopt a more aggressive stance due to the yen's recent depreciation. The USD/JPY pair has risen slightly by 0.1% to 153.50; AUD/JPY remains steady at 100.81; and EUR/JPY is largely unchanged at 166.52.