USD/JPY OUTLOOK: BULLS REGAIN CONTROL AFTER CORRECTION
USD/JPY OUTLOOK: BULLS REGAIN CONTROL AFTER CORRECTION
- USD/JPY Bounce: The pair regained momentum, bouncing from a two-day pullback low of 152.14, suggesting bulls are back in control.
- Bull-Trap Reversal: Despite a failed weekly close above 153.40, which had initially raised concerns, the pair shows renewed strength.
- Fed Hawkishness: The US dollar is supported by expectations of continued hawkish policies from the Federal Reserve.
- Trump’s Economic Focus: Market sentiment is also influenced by expectations that Trump's administration will prioritize boosting economic growth.
- Bullish Outlook: Given the renewed strength, the USD/JPY is likely to continue benefiting from these factors in the near term.
