2024.12.19
2024.12.19
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Yesterday the USDJPY rose after the FOMC announcement at GMT 19:00, which showed a 0.25% rate cut and a forecast of two rate cuts next year. It reached a high of 154.86 at around GMT 21:30 and closed near that high.
Today the USDJPY responded to the Bank of Japan's monetary policy meeting decision to maintain policy rates with yen selling. The price touched 155.47 after GMT 05:00.
Looking at the 1-hour chart of the USDJPY (as of GMT 05:10, December 19), the Bollinger Band width has expanded, and the price is trending upward between +1 standard deviation and +2 standard deviations. The November high of 156.74 appears to be the next target.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
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