The USD/JPY currency pair surged 0.55% during the European trading session on Wednesday, reaching levels close to 155.50. This notable rise is attributed to the US Dollar's robust performance against its peers, bolstered by the recently released Nonfarm Payrolls (NFP) data for October and November.
The stronger-than-expected employment figures have contributed to a favorable market sentiment for the USD, driving the exchange rate higher as traders position themselves ahead of the Bank of Japan's upcoming decisions. As the USD continues to outperform, market participants are keenly watching for potential implications on monetary policy and economic outlooks in both the US and Japan.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 10:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.