USDJPY Technical Analysis – Trump is 47th President of the US ...Middle East

Fundamental OverviewThe US Dollar is higher across the board today as Trump got elected President of the US. The Republicans won the Senate, and they just need the House now to get a red sweep. That is the most bullish scenario for the greenback as it would make the tax cuts easier to pass which should lead to higher growth and less rate cuts expectations. As of now, the probabilities are in favour of the Republicans. Given the above and the strong US data we keep on getting, the Fed might start to change its stance and we could see a much earlier than expected pause in 2025. USDJPY Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDJPY bounces from the key support ar

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