Long on USDJPY

17 בנוב׳ 2024

I plan to buy USD/JPY because the fundamentals support a stronger dollar next week. Key reasons include expectations of robust U.S. economic data, such as higher-than-forecasted retail sales and durable goods orders, which could reinforce the Federal Reserve's hawkish stance. Additionally, recent geopolitical tensions and risk-off sentiment are likely to boost demand for the safe-haven dollar. Meanwhile, the Bank of Japan's continued dovish policies and potential intervention concerns may keep the yen weak, creating a favorable environment for USD/JPY to rise.