The USD/JPY currency pair is trading higher, approaching the 156.00 level during the European session on Thursday. This rise is attributed to a strengthening US Dollar as traders anticipate the upcoming release of the US Consumer Price Index (CPI) data for November, scheduled for 13:30 GMT.
Market participants are closely watching the CPI figures, as they could influence future Federal Reserve policy decisions. A higher-than-expected inflation reading may bolster the USD further, while a softer report could lead to volatility in the exchange rate. As the USD gains traction, the implications for the Japanese Yen and overall market sentiment remain crucial for traders navigating the Forex landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 11:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.