USDJPY Technical Analysis – The USD needs more fuel to keep the momentum going ...Middle East

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Fundamental OverviewThe bullish momentum in the USDJPY pair seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with the Fed’s projections. Therefore, we will likely need more strong US data to see the market pricing in an earlier pause in the Fed’s easing cycle and give the US Dollar a further boost. In the bigger picture, it looks like the US long term yields are bound to rise further, which should keep the uptrend in the USDJPY pair intact, but more bullish catalysts for the greenback would give more conviction for the buyers. The next big

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USDJPY Technical Analysis – The USD needs more fuel to keep the momentum going ...Middle East

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