The Japanese Yen (JPY) is gaining strength against the US Dollar (USD) during the Asian session on Monday, supported by bullish sentiment stemming from expectations surrounding the Bank of Japan's (BoJ) monetary policy. Recent wage growth data from Japan has bolstered market confidence in an upcoming rate hike in December, leading to increased demand for the yen.
As traders position themselves ahead of potential changes in interest rates, the USD/JPY exchange rate is reacting accordingly. The divergence between BoJ’s anticipated hawkish stance and the more cautious Federal Reserve policy is shaping trading strategies, with the yen bulls appearing to maintain their momentum in this competitive currency market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 05:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.