The US Dollar opened the week under pressure as traders brace for a crucial Federal Reserve meeting. Currently, the USD is trading at 106.80 against the Japanese Yen, marking a slight decline of 0.2%. Meanwhile, the Euro has strengthened, pushing the EUR/USD exchange rate to 1.0850, a gain of 0.3% as the single currency finds support from improving economic indicators in the Eurozone.
Market sentiment is cautious ahead of the Fed's policy decision, with speculation surrounding potential interest rate hikes. Analysts are closely watching the 106.50 support level for the USD/JPY pair, which could indicate further weakness if breached. The trading week is set to be volatile as investors weigh the implications of the Fed's announcements on future currency movements.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 06:33
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.