The Japanese Yen (JPY) remains under pressure, with the USD/JPY exchange rate approaching the significant 159.00 mark as the early European session unfolds. This level represents the Yen's weakest point since July 2024, driven by a stronger US Dollar (USD) ahead of the anticipated US CPI report. Traders are closely monitoring market sentiment as inflation data is expected to influence the dollar's trajectory.
The ongoing bearish sentiment surrounding the Yen has been fueled by concerns about Japan's economic outlook and the divergence in monetary policy between the Bank of Japan and the Federal Reserve. As the USD gains momentum, market participants are keenly evaluating the implications for other currency pairs, including the EUR/USD, as the broader market reacts to potential shifts in exchange rates stemming from upcoming economic indicators.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 07:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.