The USD/JPY currency pair continues its upward trajectory, with the exchange rate trading near 156.90, marking its highest point since November 25. This rally has been fueled by stronger U.S. labor market data, bolstering the Greenback's appeal ahead of the Federal Reserve's upcoming policy decision. The strength of the U.S. economy is driving traders to favor the dollar over the Japanese Yen.
As the market reacts to the labor market signals, the JPY has shown notable weakness against the dollar for the third consecutive day. This trend highlights the ongoing divergence in monetary policy expectations between the U.S. and Japan, which could further influence the USD/JPY exchange rate in the near term. Investors are keenly watching for any indications from the Fed that could impact further trading dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 16:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.