The USD/JPY currency pair continues to face pressure, trading around the 155.75 level during the Asian session on Wednesday. This follows a brief attempt to surpass the significant resistance at 156.00, which ultimately faltered. The lack of momentum in the recent downturn suggests a degree of uncertainty among traders.
The prevailing divergence in monetary policy between the Bank of Japan (BoJ) and the Federal Reserve appears to favor a bearish outlook for the pair. As market participants weigh the implications of differing interest rates, the exchange rate remains susceptible to further volatility. Despite yesterday's gains, the current trading environment indicates that the bears are still in control.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 05:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.