Product: USD/JPY
Prediction: Increase
🟢Fundamental Analysis:
The Bank of Japan’s October meeting showed mixed views on tightening policy. Political uncertainty, including Trump’s U.S. win and his planned 10% import tariff, may limit the BoJ's actions and could impact Japan’s export sector. Prime Minister Shigeru Ishiba now leads a minority government, adding challenges to policy-making.
🔵 Technical Analysis:
The recent drop in the US Dollar (USD) appears excessive, and instead of further weakening, it's expected to trade within a range of $152.50 to $153.85. Although there was a chance USD might reach above $155.00, it dropped sharply to $152.69 instead. Analysts now believe USD will stay within this range for now, with further declines unlikely.
📘 Read the full analysis here: https://www.kvbplus.com/insigh...
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