The USD/JPY currency pair is experiencing a downward correction, trading 0.23% lower at approximately 155.80 during the European session on Wednesday. This marks the continuation of a losing streak that has now extended into the third day. The declines follow the pair's inability to sustain gains above an almost 11-month high near 158.00, prompting traders to reassess their positions.
The pullback in the USD/JPY exchange rate reflects shifting market sentiments, particularly in response to Bank of Japan (BoJ) policy influences. As the pair retreats from recent peaks, investors are likely to remain cautious, monitoring economic indicators and central bank communications for further direction. The current trading environment suggests volatility ahead as the market adjusts to these developments.
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Data Source: FX Killer Analysis Team Updated: 2025-12-24 11:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.