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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: After the Japanese yen's GDP fell in the third quarter, the US dollar/yen exchange rate broke through the 155 mark." Hope this helps you! The original content is as follows:
XM Foreign Exchange APP News - During the European trading session on Tuesday (November 18), affected by the contraction of Japan's GDP in the third quarter, the USD/JPY exchange rate continued to rise and stood above the 155 mark. Fundamental Analysis On the eve of a key meeting between Japanese Prime Minister Takaichi Sanae and Central Bank Governor Kazuo Ueda, the USD/JPY exchange rate has exceeded 155. Traders will closely monitor the progress of the talks to determine the Bank of Japan's next policy move. The market expects that Sanae will advocate that the central bank adopt a cautious attitude towards potential interest rate hikes and plan to launch a larger-than-expected fiscal stimulus package. The latest data shows that Japan's GDP shrank by 1.8% year-on-year in the third quarter, the first decline in six quarters, due to the impact of U.S. tariff policies on economic activity. In the long term, although Japanese yen interest rates are gradually rising, the interest rate differential between the United States and Japan continues to be positive for the U.S. dollar. As market participants wzhdjgj.come to understand Japan's predicament, capital will continue to flow out of Japan. The impact of demographic problems is gradually emerging, coupled with Japan's decades of quantitative easing policy, these factors together constitute Japan's current predicament.
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