The Japanese Yen (JPY) remains under pressure during the Asian session on Monday, reflecting concerns over Japan's deteriorating fiscal health following Prime Minister Sanae Takaichi's pro-stimulus policies. This uncertainty has weakened demand for the currency, contributing to its continued decline against major pairs.
Currently, the USD/JPY exchange rate is trading above key resistance levels, reinforcing a bearish sentiment for the Yen. As traders closely monitor fiscal developments and the Bank of Japan's monetary policy stance, the JPY could face further downward pressure, which may influence broader market dynamics and affect cross-currency trading strategies involving the EUR and other major currencies.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 04:52
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.