The Japanese Yen (JPY) is struggling to find a definitive intraday direction, even as Tokyo's consumer inflation data surpassed expectations, suggesting potential for further tightening by the Bank of Japan (BoJ). Despite this supportive backdrop, the USD/JPY currency pair has seen a slight uptick, benefiting from a resurgence in the US dollar.
Currently, the exchange rate for USD/JPY is influenced by the broader strength of the USD, which is gaining traction amid positive market sentiment. Traders remain cautious, weighing the implications of Japan's inflation figures against the BoJ's monetary policy stance, as neither buyers nor sellers have committed to a clear trend, leaving the JPY vulnerable in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 05:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.