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USDJPY Technical Analysis – The December BoJ meeting is now live ...Middle East
Fundamental OverviewThe US Dollar continues to pull back from the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025.This was signalled by the lack of US Dollar strength after lots of strong US data with the market’s pricing remaining largely unchanged around three rate cuts by the end of 2025. We might see the greenback remaining on the backfoot at least until the US CPI due next week.On the JPY side, the latest Tokyo CPI showed inflation accelerating across the board. BoJ Governor Ueda said that interest rate hikes are nearing as econ
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