The USD/JPY currency pair is trading lower around 156.30 on Monday, reflecting a 0.40% decline for the day. This downturn follows a period of gains and is primarily driven by disappointing US manufacturing data, which has raised concerns about the strength of the American economy. The weaker economic indicators have impacted trader sentiment, prompting a sell-off in the dollar against the yen.
Additionally, rising Japanese yields are providing support for the yen, further pressuring the USD/JPY exchange rate. As investors digest the implications of the manufacturing reports, market participants are closely watching for any shifts in monetary policy that could arise from the Federal Reserve's response. The current market dynamics suggest a cautious approach as traders navigate potential volatility ahead.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 18:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.