The USD/JPY pair closed bearish on Friday, with the dollar trading below 150 yen due to growing concerns about a weakening global economic outlook. This bearish trend was influenced by cooler-than-expected U.S. inflation data and expectations of a potential Federal Reserve rate cut in the future.
Looking ahead to next week, forecasts will likely consider the current economic indicators and central bank policy expectations. The market is pricing in rate cuts by the Fed by December 2024, which has contributed to the dollar's weakness and may influence the trend for the next week. Investors will be monitoring these developments to anticipate the USD/JPY pair's direction.
"And it perfectly fulfilled the idea that we had outlined."
https://drive.google.com/file/d/1Jqxz2T-fUWxnnrxOSZTpJ5y1DFROcu29/view?usp=drive_link
https://drive.google.com/file/d/16QjJMA0g3e03igcrcPcKRmQF865eIRRZ/view?usp=drive_link
Looking ahead to next week, forecasts will likely consider the current economic indicators and central bank policy expectations. The market is pricing in rate cuts by the Fed by December 2024, which has contributed to the dollar's weakness and may influence the trend for the next week. Investors will be monitoring these developments to anticipate the USD/JPY pair's direction.
"And it perfectly fulfilled the idea that we had outlined."
https://drive.google.com/file/d/1Jqxz2T-fUWxnnrxOSZTpJ5y1DFROcu29/view?usp=drive_link
https://drive.google.com/file/d/16QjJMA0g3e03igcrcPcKRmQF865eIRRZ/view?usp=drive_link
Wilmer Blasini
