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December 10, 2024

USD/JPY Trading Strategies: Selling Rally Bias Remains Strong

Recent trading activity indicates that the USD/JPY has moved higher following comments from PM Ishiba about Japan’s approach to monetary policy. Despite this uptick, analysts maintain a bias to sell rallies, emphasizing that Japan has not yet escaped deflationary pressures. The ongoing stance of the Bank of Japan continues to dictate the market dynamics, impacting USD/JPY trading strategies. Investors should closely watch for potential selling opportunities in light of these developments as trends continue to unfold in the coming sessions. Evaluating market responses to policy changes will be crucial for trading success.

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