The recent equity sell-off typically creates an environment conducive to a rebound in the oversold Japanese yen. However, idiosyncratic factors are preventing significant movement in the USD/JPY currency pair, keeping it supported near current levels. ING's FX analyst Francesco Pesole highlights that, despite the broader market conditions, the yen remains under pressure, with the exchange rate still favoring the dollar.
As investors navigate the uncertain market landscape, the USD continues to assert its strength against the JPY. With the dollar's resilience, traders are closely monitoring fluctuations in the currency pair, particularly around key technical levels. The ongoing demand for USD reflects a cautious sentiment that may hinder any potential recovery for the yen in the near term, influencing trading strategies across the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-11-18 08:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.