Yen Rebounds to 149 Yen per Dollar; USD/JPY at 150.00 on December 4, 2024

The Japanese yen showed signs of recovery against the U.S. dollar, trading at approximately 149 yen per dollar in the early hours of December 4, 2024. Earlier trading sessions indicated a slight bounce for the USD/JPY pair, which had brushed against a key technical level. By the afternoon of December 3, the dollar had rebounded to the 150 yen range, supported by a rise in stock prices that eased the yen's strength. Market participants noted a balance between cautious trading sentiment and expectations surrounding the Bank of Japan's forthcoming monetary policy decisions, contributing to the yen's recent fluctuations.