The Bank of Japan (BoJ) surprised markets by raising its policy rate, propelling the USD to recover against major currencies despite tepid inflation reports. The USD/JPY surged to 141.50, reflecting heightened volatility as traders adjusted their positions. Meanwhile, the EUR/USD faced pressure, trading around 1.0800, as the euro struggled to maintain momentum in light of the BoJ's unexpected move.
The market reaction underscores the implications of central bank policies on exchange rates. With the BoJ signaling a shift towards tighter monetary policy, investors are closely monitoring the ongoing impact on the USD's strength. The renewed buying interest in the dollar suggests that traders are positioning themselves for potential further gains amidst varying inflationary pressures across global economies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 06:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.