Group 1 - The USD/JPY exchange rate is hovering near a nine-month high, currently reported at 155.4200, with a slight decline of 0.05% [1] - Japan's Q3 GDP contracted by 1.8% year-on-year, marking the first decline in six quarters, which has put pressure on the yen [1] - Concerns regarding Japan's fiscal policy are growing, particularly with Prime Minister Takaichi's push for large-scale fiscal stimulus and increased bond issuance, which continues to pressure Japanese government bonds (JGBs) and the yen [2] Group 2 - Despite indications from Bank of Japan Governor Ueda about a potential interest rate hike, traders are not yet prepared to significantly buy the yen [2] - The Alligator indicator shows an upward trend for the USD/JPY exchange rate, confirming current bullish momentum, with potential resistance at 156 [3] - If the bulls can maintain the 155 level, the USD/JPY exchange rate may continue its upward trend; however, a drop below 155 could trigger a pullback to the 154 support level [3]
疲软GDP数据拖累日元承压
Jin Tou Wang·2025-11-19 02:36