Fundamental Market Analysis for November 13, 2025 EURUSDUS Dollar/Japanese YenSAXO:USDJPYFresh-Forexcast2004The euro/dollar pair is holding below 1.16000, as markets digest US news, Federal Reserve communications, and the European Central Bank’s decision to keep policy settings unchanged. Reduced uncertainty around the US budget and the imminent return of key data releases help the dollar keep the upper hand. Against this backdrop, the yield differential remains in favor of the US, which limits EUR/USD’s upside in the absence of fresh positive signals from the euro area. From a fundamental perspective, the euro is constrained by soft industrial indicators and weaker external demand, while the US resumes the flow of macro reports that can confirm resilient domestic demand. Investors are cautious ahead of fresh inflation data and policy signals, preferring currencies with steadier income profiles, which supports the dollar. Industry commentary highlights consolidation below 1.16000 and sensitivity to incoming US headlines. Given the balance of risks and the current fundamental setup, the base case assumes a gradual drift lower toward 1.15350, with limited potential for corrective rebounds. Trade recommendation: SELL 1.15850, SL 1.16250, TP 1.15350