The Japanese Yen (JPY) continues to navigate a sideways trading pattern during the Asian session on Friday, as traders exhibit a cautious stance. Despite this indecisiveness, the broader market sentiment appears to favor bullish positions, primarily driven by expectations surrounding a hawkish Bank of Japan (BoJ) stance.
Currently, the USD/JPY pair remains trapped within a narrow range, reflecting a delicate balance between demand for the Yen and the prevailing strength of the US dollar. As traders monitor key technical levels, the anticipation of potential monetary policy shifts from the BoJ could further influence exchange rates, potentially sparking volatility in the JPY against other currencies like the Euro (EUR) and USD.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 05:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.