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Japanese Yen Weakens to 158 Level as UK Budget Looms
11/26/2025, 00:36
AI SUMMARY
●• Japanese Yen trends weaker toward 158 level amidst lack of intervention
●• UK government set to announce budget statement raising volatility concerns
●• Global political developments continue to influence fiat currency pairings
The Japanese Yen has weakened towards the 158 level against the US Dollar, nearing levels seen a year prior that previously triggered caution. Unlike the previous year, there has been no immediate intervention from the government or Bank of Japan despite the accelerated depreciation.
Simultaneously, markets are bracing for the UK budget statement scheduled for tonight. Poor economic forecasts for the UK suggest potential tax hikes or spending cuts, likely increasing volatility in Pound Sterling pairs.
These macro moves in fiat currencies are creating a volatile backdrop for global markets. Traders are monitoring these sovereign developments for potential spillover effects into risk assets.