RSS Yen Trades Flat Amid Mixed Sentiment. Forecast as of 09.12.2024

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 RSS Yen Trades Flat Amid Mixed Sentiment. Forecast as of 09.12.2024

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The press and Bank of Japan officials are uncertain whether the regulator should raise rates in December. The data indicates that the normalization cycle will continue. What will happen, and how will it affect the USDJPY pair? Let's discuss this topic and make a trading plan. Major Takeaways The BoJ doubts the sustainability of inflation. Japan's GDP and wages force the BoJ to raise the overnight rate. Capital outflow from Japan puts pressure on the yen. The USDJPY's rally may accelerate once the resistance level of 150.8 is breached. Weekly Fundamental Forecast for Yen The behavior of markets is influenced by... Read full author’s opinion and review in blog of #LiteFinance
 
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