Asia FX Stalls: Yen and Yuan Muted Amid Tense Diplomatic Row as Dollar Gains Before Critical Payrolls Test

BitcoinWorld Asia FX Stalls: Yen and Yuan Muted Amid Tense Diplomatic Row as Dollar Gains Before Critical Payrolls Test TOKYO/SHANGHAI – March 2025. Asian foreign exchange markets entered a cautious holding pattern this week, with the Japanese yen and Chinese yuan showing muted movement against a backdrop of renewed regional diplomatic friction. Meanwhile, the U.S. dollar gathered strength globally as traders braced for the pivotal U.S. non-farm payrolls report, a test that could redefine the Federal Reserve’s monetary policy trajectory for the coming quarter. This confluence of geopolitical unease and anticipatory economic suspense has created a uniquely stagnant yet volatile environment for currency traders. Asia FX Markets Paralyzed by Diplomatic Tensions The Japanese yen (JPY) traded within a remarkably narrow band against the U.S. dollar, hovering around the 152.50 level. Similarly, the onshore Chinese yuan (CNY) exhibited minimal volatility, with the People’s Bank of China (PBOC) setting a steady daily...

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