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USD/JPY Weekly Forecast: Fed-BoJ Divergence Triggers Buying

by Forex Crunch
October 27, 2024
in Forex Analysis
Reading Time: 1 min read

US jobless claims fell more than expected, indicating solid demand for labor.  US PMI data showed growth in the manufacturing and services sectors. Tokyo CPI numbers showed inflation easing below the central bank’s 2% target. The USD/JPY weekly forecast supports further upside as markets anticipate a gradual Fed rate-cutting cycle and a less hawkish BoJ….
The post USD/JPY Weekly Forecast: Fed-BoJ Divergence Triggers Buying appeared first on Forex Crunch.
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