USDJPY Insight

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Key Points
- Despite consecutive rate cuts by the Federal Reserve, the U.S. 10-year Treasury yield has climbed to 4.50%.
- The gap between the Federal Funds Rate and market rates appears to stem from prevailing expectations of a U.S. "no landing" scenario and the risk of resurging inflation.
- The Biden administration has approved Ukraine's use of U.S.-supplied long-range missiles for strikes on Russian territory.
- Bank of Japan Governor Kazuo Ueda stated that any further adjustments to monetary easing will depend on future economic, price, and financial conditions.

This Week's Economic Calendar
- November 19: Eurozone October CPI
- November 20: U.K. October CPI
- November 22: Japan October CPI

USD/JPY Chart Analysis
USD/JPY faced resistance near the 157 level and experienced a slight pullback. However, it seems to be attempting a rebound, and the current rally is expected to form a peak in the 158–159 range.
Following the peak, the pair is projected to retreat toward the 149 level.

If movements deviate from expectations, strategies will be adjusted promptly.

Disclaimer

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