The forex market is currently dominated by a strengthening Japanese Yen, fueled by the Bank of Japan’s hawkish tone and expectations of policy normalization. This has created strong downward pressure on major Yen pairs, particularly EUR/JPY and USD/JPY, making them attractive short opportunities. Contributing factors include Eurozone political uncertainty, a weakening US labor market, and diverging monetary policies. Meanwhile, USD/INR has rebounded from recent lows, supported by sustained foreign investment outflows from India and broader US Dollar strength. With the BoJ likely to maintain its tightening bias and the Fed’s trajectory still uncertain, our strategy favors short positions in EUR/JPY and USD/JPY, while remaining long on USD/INR in the near term. Traders should closely monitor upcoming central bank decisions and macroeconomic data to manage volatility and adjust positions accordingly.