Expect Major USD JPY Volatility as Fed and BoJ Announce Rates
The last working week of 2024 presents a critical moment for USD JPY traders. The Federal Reserve and Bank of Japan will announce their interest rate decisions mere hours apart. These significant events will clearly overshadow all other economic data, including the Fed’s preferred inflation indicator, the core PCE deflator, which is scheduled for release on Friday. As traders prepare for potential market swings, understanding both central bank strategies will be essential for navigating possible outcomes. The focus now turns to how these policy decisions could affect the exchange rate and what signals traders should look for in the aftermath.
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