JPY Holds Firm: Overview for December 26, 2023

<div><img width="360" height="360" src="×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="USD/JPY analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The <a href="" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">USD/JPY</a> pair remains steady, lingering close to its August lows.</p>

<p>The Japanese yen, in tandem with the US dollar, maintains its stability this Tuesday, with the current USD/JPY exchange rate at 142.22.</p>

<p>Kazuo Ueda, the Governor of the Bank of Japan, indicates that the central bank will contemplate a departure from monetary easing once firm control over <a href="" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> is achieved. The BoJ would consider such a shift if there's a reinforcing cycle between wages and prices, and the outlook for attaining the 2% inflation target is secure.</p>

<p>However, the specific timing for these considerations remains undetermined, given the heightened uncertainty prevailing in the economy and external financial markets.</p>

<p>Anticipations in the market suggest that the Bank of Japan might phase out its negative <a href="" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> policy in the first half of 2024, especially with current consumer prices in Japan holding above the 2% target.</p>

<a href="">Open Trading Account</a></p><p>The post <a href="">JPY Holds Firm: Overview for December 26, 2023</a> appeared first at <a href="">R Blog – RoboForex</a>.</p>

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