The Japanese Yen (JPY) continues to face downward pressure as traders anticipate comments from Bank of Japan (BoJ) Governor Ueda. After the latest BoJ meeting, the Yen has struggled against a broadly stronger US Dollar (USD), with the USD/JPY currency pair sustaining its position above the 156.00 level, marking its highest point in over a week.
This ongoing weakness in the Yen is compounded by the firm performance of the USD, which remains buoyed by a robust US economic outlook. As the market awaits Governor Ueda's press conference, traders are keenly focused on potential insights regarding future monetary policy, which could further influence the exchange rate dynamics between the JPY and USD in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 05:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.