The Japanese Yen (JPY) continues to be under pressure as it weakens against a stronger US Dollar (USD). During the Asian session on Thursday, the USD/JPY currency pair reached a fresh multi-month high, reflecting a notable decline for the yen which has not seen such low levels since mid-February. This ongoing trend underscores the yen's vulnerability amid a robust dollar environment.
The trading dynamics are primarily driven by the firm performance of the USD, which has bolstered investor sentiment and led to increased demand for US assets. As market participants react to economic indicators and policy outlooks, the exchange rate for USD/JPY now stands at levels that could challenge previous resistance, suggesting potential shifts in currency flows and strategy adjustments in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-11-20 06:52
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.