Yen Retains Bearish Bias Following BoJ Rate Decision. Forecast as of 23.12.2024

The economy determines the exchange rate. If the economy is strong and inflation is above the target, then rates should be raised. The BoJ is refusing to make a rate hike. It has kept borrowing costs at 0.25%, spurring USDJPY quotes. Let's discuss this topic and make a trading plan. Major Takeaways The Bank of Japan kept the overnight rate unchanged at 0.25%. Kazuo Ueda signaled that the rate would remain at that mark until March. Politics may have driven the BoJ's decision. Long positions on the USDJPY pair can be opened on a rebound from 155.45, 155, and 154.5. Weekly... Read full author’s opinion and review in blog of #LiteFinance