The Japanese Yen (JPY) is showing resilience against a broadly weaker US Dollar (USD), maintaining its position near a three-week high reached earlier. During the Asian session on Friday, the JPY strengthened against the USD, reflecting market sentiment influenced by diverging expectations surrounding monetary policy from the Bank of Japan (BoJ) and the Federal Reserve (Fed).
As trading continues, the exchange rate for the USD/JPY hovers close to key resistance levels, signaling potential further gains for the Yen. The market's focus on how the BoJ's stance may diverge from the Fed's tightening approach has heightened interest in this currency pair, suggesting that the JPY could continue to benefit from a risk-off sentiment in global markets.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 06:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.