USDJPY Technical Analysis – Eyes on the US NFP report ...Middle East

Fundamental OverviewNothing has changed in terms of the fundamentals this week as the market awaits the US NFP and the US CPI data. The US Dollar continues to consolidate around 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 Monday, Fed’s Waller and Fed’s Williams sounded like a rate cut in December is

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USDJPY Technical Analysis – Eyes on the US NFP report ...Middle East

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