The Japanese Yen (JPY) continues its range-bound trading against the US Dollar (USD) during early European session on Thursday, with the exchange rate reflecting a consolidative price move. Despite an overall rebound in the USD, mixed signals from the markets have left the JPY struggling to gain traction. The Yen is facing challenges from a buoyant equity market, which typically attracts investors away from safe-haven currencies.
Market sentiment is further influenced by speculation surrounding potential interest rate hikes from the Bank of Japan (BoJ). As traders weigh the prospects of tighter monetary policy, bullish sentiments for the Yen may emerge, provided the BoJ signals a shift in its accommodative stance. Currently, the JPY is caught in a delicate balance, as the interplay between risk appetite and rate expectations continues to shape trading dynamics in the JPY/USD currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 08:54
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.