USD/JPY Faces Challenges as US Economic Data Weakens on Nostr: USD/JPY Forecast: Household Spending and Jobs Report Drive Near-Term Trends ...
USD/JPY Forecast: Household Spending and Jobs Report Drive Near-Term Trends
===============
#a73498e0 ver:0.44
The USD/JPY pair is influenced by various factors including economic indicators, interest rate differentials, and risk sentiment. The Bank of Japan's stance on monetary policy and the performance of the Japanese economy are key drivers. Recent data on wage growth and services PMI support a more hawkish BoJ stance, while US labor market data and the possibility of a Fed rate cut could impact the pair. The USD/JPY is currently trading around 155.50, with immediate support at 155.00 and resistance at 156.00. A break above 156.500 could lead to further gains, while a drop below 155 could signal a decline towards 151.685. #USDJPY #forex #economy...
#newstr #Usd/jpy #BankOfJapan #WageGrowth #ServicesPmi #YenWeakness #InterestRateHikes #EconomicIndicators #ConsumerSpending #DemanddrivenInflation #JibunBankServicesPmi #JobCreation #YenTrends #JapaneseEconomy #UsLaborMarketData #JoblessClaims #UnitLaborCosts #NonfarmProductivity #FedRateCut #MovingAverages #BullishPriceSignals
https://here.news/story/a73498e0?ver=0.44
===============
#a73498e0 ver:0.44
The USD/JPY pair is influenced by various factors including economic indicators, interest rate differentials, and risk sentiment. The Bank of Japan's stance on monetary policy and the performance of the Japanese economy are key drivers. Recent data on wage growth and services PMI support a more hawkish BoJ stance, while US labor market data and the possibility of a Fed rate cut could impact the pair. The USD/JPY is currently trading around 155.50, with immediate support at 155.00 and resistance at 156.00. A break above 156.500 could lead to further gains, while a drop below 155 could signal a decline towards 151.685. #USDJPY #forex #economy...
#newstr #Usd/jpy #BankOfJapan #WageGrowth #ServicesPmi #YenWeakness #InterestRateHikes #EconomicIndicators #ConsumerSpending #DemanddrivenInflation #JibunBankServicesPmi #JobCreation #YenTrends #JapaneseEconomy #UsLaborMarketData #JoblessClaims #UnitLaborCosts #NonfarmProductivity #FedRateCut #MovingAverages #BullishPriceSignals
https://here.news/story/a73498e0?ver=0.44