{"id":14931,"date":"2024-12-19T19:22:06","date_gmt":"2024-12-19T19:22:06","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=14931"},"modified":"2025-08-04T08:58:32","modified_gmt":"2025-08-04T08:58:32","slug":"forex-market-analysis-19-december-2024","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/forex-market-analysis-19-december-2024\/","title":{"rendered":"Forex market analysis: 19 December 2024"},"content":{"rendered":"\n<p>With the influence of the US dollar holding strong in the near or medium term, USD\/JPY rallied forcefully to a high of 157.147 in the wake of a&nbsp;hawkish Federal Reserve outlook&nbsp;and a hold on interest rates by the Bank of Japan (BoJ).<\/p>\n\n\n\n<p>Although the Japanese yen appears undervalued against its G-10 counterparts, the potential for higher US yields and unwillingness of the BoJ to raise its interest rates sets the stage for ongoing upward pressure. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The yen\u2019s rapid decline in the past week toward 155 against the dollar has strategists warning that further weakness may trigger verbal intervention from authorities and add pressure on the BOJ to hike interest rates <a href=\"https:\/\/t.co\/3uBHM36N64\">https:\/\/t.co\/3uBHM36N64<\/a><\/p>&mdash; Bloomberg Economics (@economics) <a href=\"https:\/\/twitter.com\/economics\/status\/1868938149658788326?ref_src=twsrc%5Etfw\">December 17, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>This suggests that a higher trading band for USD\/JPY may persist, with market participants bracing for elevated volatility should the pair approach the 160 mark, a zone where Japanese authorities intervened earlier in the year with close to $100 billion of reserves.<\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\">USDJPY Technical Analysis<\/h1>\n\n\n\n<p>Early trading hovered near&nbsp;<strong>154.63<\/strong>, but bullish momentum pushed the pair sharply higher, touching an intraday peak at&nbsp;<strong>157.147<\/strong>, before settling close to&nbsp;<strong>156.95<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/12\/usdjpy-1024x440.jpeg\" alt=\"usdjpy\" class=\"wp-image-14932\"\/><\/figure>\n\n\n\n<p>Picture: USDJPY surged exceeding 156.95 as bullish momentum intensifies, as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a>.<\/p>\n\n\n\n<p>The 15-minute chart shows a smooth upward trajectory, supported by a rising moving average and a strong MACD reading that points to sustained buying interest.<\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\">USD\/JPY Surges on Fed Hawkishness<\/h1>\n\n\n\n<p>The policy divergence is clear. The Fed\u2019s hawkish signals have reinforced market expectations for a stronger dollar, while the&nbsp;BOJ\u2019s reluctance&nbsp;to tighten policy has left the yen vulnerable.<\/p>\n\n\n\n<p>As traders watch the interplay between US monetary policy and Japan\u2019s hands-off approach, any signs of adjustment from the BOJ may influence future price action.<\/p>\n\n\n\n<p>For now, the path of least resistance favours the dollar, keeping yen bears active and testing the resolve of Japanese policymakers.<\/p>\n\n\n\n<p>Click&nbsp;<a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>&nbsp;to open account and start trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the influence of the US dollar holding strong in the near or medium term, USD\/JPY rallied forcefully to a high of 157.147 in the wake of a&nbsp;hawkish Federal Reserve outlook&nbsp;and a hold on interest rates by the Bank of Japan (BoJ). Although the Japanese yen appears undervalued against its G-10 counterparts, the potential for <a href=\"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/forex-market-analysis-19-december-2024\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-14931","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=14931"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14931\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=14931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=14931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=14931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}