The USD/JPY currency pair rose 0.2% to nearly 156.60 during the late Asian trading session on Wednesday, reflecting increased demand for the US Dollar. This uptick follows the release of the Federal Open Market Committee (FOMC) minutes from December's policy meeting, which provided insights into the Fed's monetary policy direction.
As the US Dollar Index reaches a weekly high, traders are closely monitoring the exchange rate dynamics between the USD and JPY. The strength of the USD is bolstered by speculation around future interest rate adjustments, indicating potential volatility in the forex markets as investors position themselves ahead of upcoming economic data releases.
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Data Source: FX Killer Analysis Team Updated: 2025-12-31 07:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.