CHFJPY in a Clear Bearish TrendCHFJPY in a Clear Bearish Trend
Since November 20, 2024, CHFJPY has begun a clear bearish wave, dropping nearly 700 pips in just two weeks.
Last week, the Bank of Japan (BOJ) reported higher inflation data. With this increase in inflation, it is likely that the BOJ will keep its promise to hike rates on December 19th.
In simple terms, the market is anticipating a rate hike from the BOJ at this meeting, which is why JPY continues to strengthen.
You may find more details in the chart!
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