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USD/JPY Analysis: Central Bank Policies In 2024 Will Determine the Fate

From dailyforex.com

With the Christmas holidays and investor reluctance, and amid almost non-existent liquidity, the price of the USD/JPY could remain stable around the level of 142.45. obviously, it is recovering from the losses of Friday's session, which reached the support level of 141.85. currently, the USD/JPY pair is still affected by the shift in the direction of central bank policies, with the Bank of Japan being the closest to tightening its policy after a long wait, and the US Federal Reserve. On the other hand, hinted in its last meeting that it is ready to cut US interest rates in 2024. On the economic side, annual GDP of ... (full story)

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  • Category: Technical Analysis