The Japanese Yen (JPY) remained stable during the Asian session on Friday, despite disappointing economic data revealing a 5.0% decline in Household Spending for October, marking the steepest drop in nearly two years. As the USD/JPY exchange rate hovers around 149.50, market participants are weighing the implications of the Bank of Japan's potential interest rate hikes against the backdrop of weak consumer spending.
This juxtaposition leaves the USD/JPY pair appearing vulnerable, as traders recalibrate their positions. The Yen's resilience, despite soft data, highlights ongoing speculation about the BoJ's monetary policy direction. As the market continues to digest these developments, the trading landscape for both the Yen and the U.S. Dollar (USD) remains fluid, with key levels to watch in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 03:08
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.