USD/JPY Struggles to Recover as Yen Strength Dominates Post-Election The US Dollar staged a minor recovery from 11-day lows of 152.80, climbing to the 153.25 level against the Yen on Wednesday. Despite trimming some intraday losses ahead of the US payrolls data, the pair remains down over 0.7% for the session. The Japanese Yen has seen a broad-based surge following Prime Minister Sanae Takaichi’s decisive election victory. Investor optimism surrounding her proposed stimulus and tax cuts has propelled the Nikkei to record highs, subsequently boosting Yen demand from foreign investors. In contrast, the Greenback remains pressured by weak US Retail Sales data, leaving the market’s focus squarely on the upcoming January Nonfarm Payrolls report for direction.
USD/JPY Edges Up to 153.25 While Persistent Bearish Bias Remains
