The Japanese Yen (JPY) continues to struggle against the US Dollar (USD) during the Asian session on Wednesday, reflecting ongoing fiscal concerns and uncertainty surrounding potential rate hikes by the Bank of Japan (BoJ). Currently, the USD/JPY exchange rate remains elevated, with the pair trading firmly above the key resistance level of 149.00, indicating a lack of significant downward movement for the Yen.
Market participants are closely monitoring any developments that could influence the BoJ's monetary policy amid rising inflation pressures. The persistent weakness of the JPY can be attributed to these fiscal uncertainties, which may hinder the currency's recovery efforts. As traders assess the implications of any potential policy shifts, the JPY is likely to remain under pressure, keeping the focus on technical levels and broader market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2026-01-07 04:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.