USDJPY Insight

157
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Key Points
- Donald Trump, the U.S. President-elect, recently warned that if BRICS nations challenge the dollar's dominance, they will face 100% tariffs and potentially lose access to the U.S. market as an export destination.
- In France, Prime Minister Michel Barnier invoked a constitutional clause to bypass a parliamentary vote and directly legislate the Social Security Finance Bill, a cornerstone of next year’s budget. In response, the Left Alliance and the far-right bloc, key factions in the National Assembly, initiated a no-confidence motion against the government.
- Kazuo Ueda, Governor of the Bank of Japan, remarked that the central bank is approaching a rate hike, assuming the data evolves as expected.

Major Economic Indicators
- December 3: U.S. Department of Labor JOLTS Report
- December 5: Speech by Federal Reserve Chair Jerome Powell
- December 6: U.S. November Unemployment Rate & Nonfarm Payrolls

USDJPY Chart Analysis
After encountering resistance at the 157 level, USD/JPY has been in a steady downtrend and is currently hovering around the 149 level. This zone has established a support line, making it difficult to determine a clear direction. If the 149 level holds, a rebound toward 154 is anticipated. Conversely, if it breaks below 149, further declines toward 140 could follow.

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