Japanese Yen gains traction amid intervention fears, hawkish BoJ expectations

The Japanese Yen is showing positive movement against the USD during the Asian session on Wednesday, following two-way price fluctuations from the previous day. The market anticipates a shift in the Bank of Japan's (BoJ) stance from a dovish to a potentially more hawkish approach. This expectation leads to rising market interest rates, prompting investors to favor the Yen in light of higher interest rate prospects. The Yen's appreciation is also linked to the release of US inflation data, which investors will continue to monitor for its impact on the Yen. Concerns over potential intervention by the government in response to currency volatility further support this rally. Overall, while the Yen appears poised for further gains, specific price levels or trading signals are not provided in the analysis.