USD/JPY fails to hold momentum and trims daily losses

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• The USD/JPY trades at 149.60 after reaching a daily low of 148.90 .
• Hawkish bets on BoJ is benefiting the JPY as investors anticipate a tighter monetary policy.
• US Traders will be on the sidelines celebrating Thanksgiving.
• Eyes on Japanese inflation data.

The USD/JPY, in Thursday’s session, is experiencing mild losses at the 149.60 mark after reaching a low of around 148.90. What drove the pair downwards appears to be the hawkish bets on the Bank of Japan (BoJ). On Friday, Japan will report inflation figures from October.