The Japanese Yen (JPY) continues to weaken as it experiences intraday losses during the European session. The USD/JPY currency pair has surged to a multi-week high, fueled by a stronger U.S. dollar ahead of the crucial U.S. Non-Farm Payrolls (NFP) report. This rise reflects ongoing trader sentiment amid uncertainty surrounding the timing of the next interest rate cut by the Bank of Japan (BoJ).
Additionally, growing tensions between China and Japan are compounding the Yen's decline, affecting market confidence. As the exchange rate moves towards new levels, traders are closely monitoring both geopolitical developments and upcoming economic data that could impact the JPY's trajectory in the near term.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 09:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.