USDJPY : is expected to decrease sharply

Bank of America analysts Athanasios Vanvakidis and Michalis Rosakis last week expressed skepticism about the dollar's rise in recent weeks.

“Markets will be looking at whether the economy is likely to accelerate again early next year and whether that will lead to inflationary pressures.” Markets are increasingly confident the Fed is done raising rates. However, it is necessary to closely monitor trends. Around them, the world's geopolitical situation is closely monitored. ”

As investors await further news on the war between Israel and Hamas, they will also be closely watching Federal Reserve Chairman Jerome Powell's speech later this week for more information. This central bank's interest rate schedule becomes clearer.