Core Viewpoint - The USD/JPY exchange rate is experiencing slight fluctuations, with concerns over the U.S. government shutdown and potential intervention by Japanese authorities limiting further losses for the yen [1][2]. Group 1: Market Movements - As of November 4, the USD/JPY is trading around 154.1900, down 0.01% from an opening price of 154.2100, maintaining the previous day's closing level [1]. - The Federal Reserve's potential decision to keep interest rates unchanged in December has contributed to a slight increase in the USD/JPY [1]. Group 2: Economic Concerns - There are worries regarding the economic risks associated with a prolonged U.S. government shutdown, which may impact market sentiment [1]. - Speculation about possible intervention by Japanese authorities to prevent further depreciation of the yen is also influencing market dynamics [1]. Group 3: Technical Analysis - A technical breakout above the 153.25-153.30 resistance and the psychological level of 154.00 is seen as a key trigger for bullish sentiment in USD/JPY [2]. - Indicators on the daily chart remain comfortably in positive territory, supporting a potential move towards mid-term resistance levels of 154.75-154.80 and the psychological barrier of 155.00 [2]. - Any corrective pullback below 154.00 may find support around the previous low of approximately 153.65, with further support levels at 153.30-153.25 and 153.00 [2].

Core Viewpoint - The euro to US dollar exchange rate is likely to maintain an upward trend as momentum improves, according to market strategists from UOB Global Economics and Markets Research [1]. Summary by Relevant Sections - **Market Trend** - The euro/USD pair is expected to sustain its upward momentum as long as it remains above the 55-day exponential moving average [1]. - **Price Levels** - The currency pair is anticipated to retest this year's high of 1.1573, although it may be premature to expect this level to be reached soon [1].