USD/JPY Forecast: BoJ Rate Hike Boosts Yen To New Highs By: TalkMarkets August 01, 2024 at 07:38 AM EDT The yen is heading for a monthly gain of 5%. The Bank of Japan raised rates by 25bps. Investors are cautious ahead of the Fed policy meeting. Read More >> Related Stocks: Invesco CurrencyShares British Pound Sterling Trust Invesco CurrencyShares Japanese Yen Trust