The Japanese Yen (JPY) experienced a decline during the Asian trading session on Friday, moving lower against the US Dollar (USD). This shift comes despite the release of positive domestic data, including a firmer Tokyo Consumer Price Index (CPI), which typically bolsters the currency. Currently, the exchange rate for USD/JPY is retreating from a one-week high, as Yen bulls remain on the sidelines.
Market participants are closely monitoring the JPY’s performance amid ongoing economic indicators and global sentiment. The recent dip suggests that traders are cautious, potentially indicating a wait-and-see approach as they assess the implications of domestic inflation and broader market dynamics. As the USD continues to hold strength, the JPY's retreat from key technical levels could further influence trading strategies in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 02:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.