USDJPY - Fibo H1 resistance 157.150
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USD / JPY trend forecast December 23, 2024
The Japanese Yen (JPY) begins the new week on a weaker note, staying close to the five-month low it reached against the US Dollar (USD) last Friday. Uncertainty surrounding the timing of the Bank of Japan's (BoJ) next interest rate hike emerges as a significant factor weighing on the JPY. Additionally, the recent expansion in the US-Japan yield gap, driven by the Federal Reserve's (Fed) hawkish stance, puts further pressure on the low-yielding currency.
Moreover, the generally optimistic sentiment in equity markets diminishes demand for the safe-haven JPY. On the other hand, Japan's strong inflation data released last Friday keeps the possibility of a BoJ rate hike in January or March on the table. However, this, coupled with muted USD price movements, fails to support the USD/JPY pair's attempt to build on its Asian session rise to the 156.70 region in the absence of any significant fundamental drivers.
This week there is some important news from Japan (good forecast for JPY), which has a negative impact on the xxx/JPY pairs.
/// SELL USDJPY : zone 157.150 - 157.450
SL: 157.750
TP: 50 - 120 - 200pips (155.450)
Safe and profitable trading
The Japanese Yen (JPY) begins the new week on a weaker note, staying close to the five-month low it reached against the US Dollar (USD) last Friday. Uncertainty surrounding the timing of the Bank of Japan's (BoJ) next interest rate hike emerges as a significant factor weighing on the JPY. Additionally, the recent expansion in the US-Japan yield gap, driven by the Federal Reserve's (Fed) hawkish stance, puts further pressure on the low-yielding currency.
Moreover, the generally optimistic sentiment in equity markets diminishes demand for the safe-haven JPY. On the other hand, Japan's strong inflation data released last Friday keeps the possibility of a BoJ rate hike in January or March on the table. However, this, coupled with muted USD price movements, fails to support the USD/JPY pair's attempt to build on its Asian session rise to the 156.70 region in the absence of any significant fundamental drivers.
This week there is some important news from Japan (good forecast for JPY), which has a negative impact on the xxx/JPY pairs.
/// SELL USDJPY : zone 157.150 - 157.450
SL: 157.750
TP: 50 - 120 - 200pips (155.450)
Safe and profitable trading
Trade attivo
+ 35 pips , great signal SELL USDJPY ( 157.150 - 157.450 )
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