The Japanese Yen (JPY) maintained its bullish momentum during the Asian session on Monday, driven by comments from Bank of Japan (BoJ) Governor Kazuo Ueda, which bolstered expectations for a forthcoming interest rate hike. As traders reacted, the USD/JPY pair saw a notable drop, trading around 145.30, reflecting a sentiment shift towards the yen.
This positive movement in the JPY comes amidst broader fluctuations in the forex market, with the exchange rate against the Euro (EUR) also showing resilience. The EUR/JPY pair hovered near the 158.50 level, suggesting that the yen's strength is influencing cross-currency dynamics. Investor focus remains on upcoming policy decisions from the BoJ, as heightened rate hike speculation could further impact trading patterns in these currency pairs.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 05:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.