The Japanese Yen (JPY) showed signs of recovery during the Asian trading session on Tuesday, gaining traction against the US Dollar (USD) as intervention fears loom. As traders speculate that Japanese authorities may intervene to prevent further declines, the JPY/USD exchange rate reflects cautious optimism, with the yen moving from recent lows.
Despite the uptick, analysts suggest that the upside potential for the Yen remains limited. Market sentiment continues to be influenced by broader economic factors and the strength of the USD, which remains a dominant force in the currency markets. As traders closely monitor technical levels, the EUR/JPY pair also reflects this cautious mood, with key resistance points coming into play.
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Data Source: FX Killer Analysis Team Updated: 2025-11-25 01:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.