The Japanese Yen (JPY) experienced renewed selling pressure during the Asian session on Friday, pushing the currency closer to its weekly low against the US Dollar (USD). This decline comes despite a stronger-than-expected National Consumer Price Index (CPI) report, which typically supports the currency. As traders eye the upcoming Bank of Japan (BoJ) policy update, the exchange rate for USD/JPY nears critical technical levels, raising concerns among Yen bulls.
Market participants remain cautious as they anticipate the BoJ's stance on potential monetary policy changes. With the USD/JPY pair trading under pressure, the recent CPI data may not be enough to shift the sentiment significantly. As the market digests these developments, the focus remains on how the BoJ's decisions could impact the JPY's trajectory against major currencies like the Euro (EUR) and the USD in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 03:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.