RSS Yen at Crossroads as BOJ May Keep Rate Steady. Forecast as of 16.12.2024

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 RSS Yen at Crossroads as BOJ May Keep Rate Steady. Forecast as of 16.12.2024

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As the autumn drew to a close, Japanese economic data prompted a decline in USDJPY quotes, reflecting an increased likelihood of a Bank of Japan rate hike in December. However, when political factors interfere with the central bank's decision-making process, the outcome can be suboptimal. Let's discuss this topic and make a trading plan. Major Takeaways Strong data on Japan's economy has not helped the yen. A steady BOJ rate helps the Japanese government. The USDJPY pair's trajectory depends on the decisions of other central banks. The US dollar may rise to 155 and 157 against the Japanese currency. Weekly Fundamental... Read full author’s opinion and review in blog of #LiteFinance
 
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