Dollar steady, Thanksgiving looms as yen test.The dollar was steady and traders wary on Monday as intervention risks swirled around the yen, with the gilt market on edge ahead of a British budget in a holiday-interrupted week where a New Zealand policy meeting is also expected to deliver a rate cut.
Japanese Yen Forecast: USD/JPY Rises as Fiscal Stimulus Pressures Yen.Japan's ¥21.3T stimulus, record JGB yields, and rising intervention risks keep USD/JPY volatile, while soft U.S. data or dovish Fed signals could pull the pair lower.