The Japanese Yen (JPY) continues to struggle, extending its downward trend during the Asian trading session on Tuesday. This weakness has been compounded by a resurgence in US Dollar (USD) demand, propelling the USD/JPY currency pair toward the 159.00 mark, the highest level observed since July 2024.
As traders anticipate the upcoming US Consumer Price Index (CPI) report, the exchange rate reflects heightened market sentiment towards the USD. Should the dollar maintain its strength or the CPI data indicate rising inflation, the USD/JPY pair may see further gains, intensifying pressure on the JPY amid ongoing concerns over Japan’s economic outlook.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 06:33
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.