The Japanese Yen (JPY) continues to weaken amid persistent selling pressure, following comments from Bank of Japan (BoJ) Governor Kazuo Ueda during the post-meeting press conference. The USD/JPY currency pair has seen significant movement, trading around 150.00, reflecting increased bearish sentiment towards the Yen. Ueda's remarks hinted at the continuation of loose monetary policy, further fueling the Yen's decline.
As traders react to the BoJ's stance, the EUR/JPY exchange rate also faces upward momentum, hovering near 158.50. This rise illustrates the broader trend of a robust USD and EUR against the JPY, influenced by market expectations for tighter monetary policies in the U.S. and Europe. The ongoing depreciation of the Yen could have implications for Japan's economy, affecting import costs and inflation dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 07:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.