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Back Technical analysis
USD/JPY Forecast for December 19, 2024
The USD/JPY pair reached the intermediate
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The USD/JPY pair reached the intermediate level of the upward trend at 154.72 following yesterday's strong dollar rally after the Federal Reserve meeting. However, today, the market faces the Bank of Japan's policy meeting. The consensus is that the central bank will not raise the rate yet but will deliver a strong hawkish verbal signal. As a result, the price may return to yesterday's starting point—153.60. Consolidation below this level would open the way to 152.16, an intermediate target of
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