The Japanese Yen (JPY) continues to struggle against the strengthening US Dollar (USD), trading with a negative bias for a second consecutive day. The USD/JPY currency pair is edging closer to the 156.00 level, marking the weekly high and reflecting persistent selling pressure on the Yen as traders anticipate the Bank of Japan's upcoming policy update.
Market attention remains firmly on the Bank of Japan's stance, which could influence short-term trading dynamics. As the exchange rate nears the critical threshold of 156.00, fluctuations in investor sentiment regarding Japan's monetary policy may further impact the JPY's performance against the USD. The ongoing recovery of the dollar adds to the Yen's challenges, suggesting a continued bearish trend unless significant policy shifts emerge.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 06:33
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.