The USD/JPY currency pair is trading in a narrow range around the exchange rate of 158.50 during the European session on Thursday. This stability comes as traders remain cautious ahead of Japan’s upcoming election, which could influence monetary policy and market sentiment. The pair is currently positioned just below its yearly peak of 159.45, reached on Wednesday.
Market participants are closely monitoring developments in Japan, as the election outcomes may lead to significant shifts in the economic landscape and impact the yen's strength against the dollar. As the trading day unfolds, volatility could increase, particularly if election results deviate from market expectations, potentially pushing the USD/JPY pair towards new highs or causing a retreat from recent levels.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 11:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.