RSS Yen Retains Bearish Bias Following BoJ Rate Decision. Forecast as of 23.12.2024

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 RSS Yen Retains Bearish Bias Following BoJ Rate Decision. Forecast as of 23.12.2024

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The economy determines the exchange rate. If the economy is strong and inflation is above the target, then rates should be raised. The BoJ is refusing to make a rate hike. It has kept borrowing costs at 0.25%, spurring USDJPY quotes. Let's discuss this topic and make a trading plan. Major Takeaways The Bank of Japan kept the overnight rate unchanged at 0.25%. Kazuo Ueda signaled that the rate would remain at that mark until March. Politics may have driven the BoJ's decision. Long positions on the USDJPY pair can be opened on a rebound from 155.45, 155, and 154.5. Weekly... Read full author’s opinion and review in blog of #LiteFinance
 
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