USD/JPY Under Pressure: Analyzing Q4 Economic Growth Data Impact
USD/JPY trades below the 152.00 mark following robust Q4 economic growth data from Japan. The GDP surged by 2.8%, outperforming expectations, which supports speculation of faster interest rate hikes from the Bank of Japan. This data strengthens the yen, creating significant pressure on the USD/JPY pair. Traders should examine how such economic indicators shape currency values amidst evolving monetary policy discussions. Monitoring these developments is crucial for making well-timed trading decisions.