JPY Holds Firm: Overview for December 26, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPY_13-360×360.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="https://roboforex.com/beginners/info/charts/forex/usdjpy/" 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="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" 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="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" 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>

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