Japanese Yen Remains Range-Bound as USD/JPY Holds Below the 150.00 Level

Japanese Yen Struggles Amid GDP Revision and BoJ Rate Hike Uncertainty

The Japanese Yen (JPY) remains under pressure against the US Dollar (USD), extending its sideways movement during the Asian trading session on Monday. Despite an upward revision to Japan’s Q3 GDP figures, lingering doubts about the Bank of Japan’s (BoJ) willingness to raise interest rates in December weigh heavily on the Yen. Meanwhile, a modest uptick in the USD further supports the USD/JPY pair, highlighting the ongoing challenges for the Japanese currency.