In January 2025, the Japanese yen posted its best monthly performance performance since 2018, which is due to expectations of further increases in the interest rates by the Bank of Japan. The bank's deputy governor Ryozo Himino confirmed the possibility of further tightening of monetary policy if economic conditions are in line with the bank's forecasts. provided economic conditions are in line with the bank's forecasts. At the same time other central banks around the world are leaning toward easing their policies. The U.S., in in turn, left the rate range unchanged. This move was expected by the markets, so it was probably already priced in. Technically, the Japanese Yen is supported by the Bank of Japan, and the USD/JPY pair is under pressure. USD/JPY pair is under pressure, however, at the moment the pair is still unable to overcome the previously mentioned zone near the level of 154.00. 154,00.