The Japanese Yen (JPY) faced renewed selling pressure at the start of the week, reversing some of Friday's modest recovery. Concerns over Japan's deteriorating fiscal health, fueled by Prime Minister Sanae Takaichi's pro-stimulus policies, have weighed heavily on the currency. As a result, the USD/JPY exchange rate sees a slight increase, with the pair trading around 145.20, reflecting a persistent bearish sentiment in the market.
Market participants remain wary of the Bank of Japan's (BoJ) potential rate hike amid these fiscal concerns. The uncertainty regarding monetary policy direction has led to a cautious trading environment, with the Yen struggling to regain its footing against major currencies like the USD and EUR. The JPY's performance may hinge on upcoming economic data and statements from BoJ officials, which could further influence market sentiment and trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 03:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.