USDJPY InsightHello, Subscribers!
Great to see you all. Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The U.S. Conference Board’s Consumer Confidence Index for December dropped sharply by 8.1 points from the previous month to 104.7, marking its first decline in three months.
- The decline is attributed to uncertainty surrounding policies from the Trump administration, which will begin on January 20, leading to weakened short-term consumer sentiment among Americans.
- Dana Peterson, Chief Economist at the Conference Board, stated, "In December, consumers were significantly less optimistic about future business conditions and income. Following cautious optimism in October and November, pessimism has returned regarding future employment prospects."
- The yield on the 10-year U.S. Treasury note rose to 4.5990%, its highest level since May, while the FedWatch tool reflects a 91.4% probability of a rate pause in January.
Major Economic Events
+ December 25: Christmas
+ December 26: Boxing Day
USD/JPY Chart Analysis
After breaking past the 157 resistance level with ease, USD/JPY extended its gains to the 158 level. If it breaks through this zone, further upward momentum toward the 160–161 range is anticipated. Conversely, failure to breach the 158 resistance could lead to a pullback toward the 154 level.
We will swiftly adjust our strategy if unexpected movements occur.
