USD/JPY Outlook for December 19, 2023: Anticipating the Bank of Japan's Meeting

8萬

『Join Everything Trading Today for FREE! 😱 Subscribe Now at https://everythingtrading.com 』 Dive into the dynamic realm of financial markets with our expert speaker, Daniel Ang, by joining Everything Trading Daily Market Movements. Gain exclusive insights and stay ahead of market trends. --------------------------------------------------------------------------------------------------------- ▶️Short-Term USD/JPY Outlook - Tuesday, December 19, 2023 ◀️ The Bank of Japan (BoJ) meets today which most likely includes debates on whether to begin unwinding its ultra-loose monetary policy which has been in place since 2006. Analysts do not expect any material change to end its negative interest rate posture with most projecting that to happen possibly next year. Traders, on the other hand, are focused on any hint from BoJ Governor, Kazuo Ueda at his post meeting briefing for clues of such a move. If his comments come across as reinforcing inflation will achieve the 2% target, it could raise expectations of an end to negative rates in January. If so, USD/JPY may fall. Stay updated on the latest market trends and make informed trading decisions. Follow our expert analysis and insights on currency movements. Click here to subscribe to our newsletter and never miss an important update!