India HSBC Services PMI came in at 59.8, above forecasts (59.5) in November

Dec 3, 2025

USD/JPY remains on the back foot below 156.00; BoJ-Fed policy divergence favors bears

The USD/JPY pair struggles to capitalize on the previous day's move higher to levels beyond the 156.00 mark and edges lower during the Asian session on Wednesday. Spot prices currently trade around the 155.75 region, though the downtick lacks follow-through or a bearish conviction.

A partir de agora, somos Elev8

India HSBC Services PMI came in at 59.8, above forecasts (59.5) in November

USD/JPY remains on the back foot below 156.00; BoJ-Fed policy divergence favors bears

India HSBC Composite PMI dipped from previous 59.9 to 59.7 in November