The Japanese yen is experiencing downward pressure in the lead-up to the Bank of Japan’s (BOJ) meeting. Investors are keenly awaiting the central bank’s deliberations, particularly concerning any hints of adjustments to its current monetary policy stance. The market is highly sensitive to any potential changes, given the BOJ’s unique position as one of the last major central banks maintaining ultra-loose monetary conditions. Any indication of a move towards tightening could trigger significant yen appreciation, while a continued commitment to the current policy could further weaken the currency.