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Back Fundamental analysis
USD/JPY: December Meeting of the Bank of Japan – Is a "Dovish Surprise" Possible?
The USD/JPY pair has traded within
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The USD/JPY pair has traded within a broad range of 154.50 to 157.00 over the past three weeks, bouncing alternately between the upper and lower boundaries. Looking at the weekly chart, it becomes evident that traders are uncertain about the direction of price movement. Upward impulses are followed by downward movements, and vice versa. The contradictory outcomes of the December FOMC meeting have not helped traders, neither bulls nor bears. Ahead of this meeting, the USD/JPY pair approached the upper
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Irina Manzenko,
Analytical expert of InstaForex
© 2007-2025
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Irina Manzenko
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