The Japanese Yen continued its downward trend against the US Dollar at the start of the week, reaching around 157.00 USD. According to FX Street, this depreciation comes as trading volumes remain subdued due to the Japanese market being closed for bank holidays.
The subdued market activity has contributed to the Yen's bearish momentum, as investors showed limited participation during the holiday period. The currency's weakness follows a similar pattern observed in the previous week.
For Japanese investors and traders, this movement highlights the impact of domestic market closures on currency liquidity and volatility, particularly in the FX space where global factors also play a significant role.