Usdjpy is likely to go up

2024年11月16日

USD/JPY is likely to continue rising as the U.S. economy shows strong growth, supported by robust data such as high GDP growth, low unemployment, and resilient consumer spending, which strengthens expectations for the Federal Reserve to keep interest rates higher for longer, while the Bank of Japan maintains its dovish monetary policy. Key upcoming U.S. economic releases, such as the Non-Farm Payrolls, CPI, and Retail Sales, are expected to further reinforce the positive outlook for the USD, keeping upward pressure on USD/JPY.