The US Dollar fell against the Japanese Yen in the European trading session, trading below 156.3 levels.
The currency pair has been declining since this morning’s session ahead of the BoJ’s interest decision tomorrow, which has a strong possibility of a rate rise. In Japan, National Core CPI data for December (3.0% exp) will be released (23:30 GMT). In the US, Initial Jobless Claims data (221k expected) will be posted (13:30 GMT) and President Trump will hold an online speech at the World Economic Forum (16:00 GMT).