USD/JPY Inches Lower as Yen Hovers Near Intervention Zone Ahead of FOMC

The USD/JPY pair ticked lower during Wednesday's Asian session, remaining within striking distance of the highest level since late April. The yen continues to hover near what market participants consider an intervention zone, even after the Bank of Japan raised its benchmark interest rate.

The move comes ahead of the Federal Reserve's policy decision, which could provide further directional cues. Traders remain cautious, with the possibility of Japanese authorities stepping in to support the yen if weakness persists.