The Japanese Yen (JPY) continued to exhibit modest losses against the US Dollar (USD) during the Asian trading session on Friday. The USD/JPY exchange rate hovered around key technical levels, reflecting the Yen's struggle against the strong dollar amid a generally hawkish sentiment surrounding the Bank of Japan (BoJ). Market participants remain cautious, as expectations of potential tightening measures from the BoJ have helped to limit the Yen's downside.
While the Yen's losses were restrained, the overall market sentiment remained influenced by the contrasting monetary policies of the BoJ and the Federal Reserve. Traders are closely monitoring economic indicators that could sway the BoJ's stance, with many anticipating a shift in policy as inflationary pressures persist. In this environment, the JPY faces ongoing challenges, but hawkish sentiment from the BoJ may provide a buffer against further declines.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 07:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.