Last week, the U.S. dollar/yen (USD/JPY) dropped to the lower 152 yen level due to increased geopolitical risks after Russia’s ICBM launch. However, the strong momentum of the U.S. dollar, driven by the new Trump administration’s interest rates and policies, kept the USD/JPY trading nervously in the high range.
This week, the U.S. dollar is expected to remain strong, but it may be difficult to take new positions due to the U.S. Thanksgiving holiday. Major movements in the market could happen depending on the results of the U.S. PCE deflator released the day before Thanksgiving.
Be cautious of short-term downside risks.
Today’s USD/JPY Range Prediction: 155.20 yen to 154.20 yen
This Week’s USD/JPY Range Prediction: 156.30 yen to 152.50 yen
Please note: The above content does not guarantee profit. Please make your own decisions when trading.