The Japanese Yen (JPY) showed resilience against the US Dollar (USD) during the Asian trading session on Friday, maintaining a stable position amid concerns regarding Japan's fiscal health. As the currency pair USD/JPY trades around 110.50, fears of potential intervention by Japanese authorities are influencing market sentiment, providing some support for the Yen.
However, the upside potential for the JPY appears limited as worries over Japan's economic situation persist. With the exchange rate struggling to break above key technical levels, investors remain cautious. The market's focus on safe-haven demand alongside intervention fears may keep the Yen on the defensive in the coming sessions, particularly if economic data from Japan continues to disappoint.
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Data Source: FX Killer Analysis Team Updated: 2025-11-21 05:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.