Dollar gains on yen on bets of US growth, inflation

By X-blogger - on December 27, 2024

The U.S. dollar hit a five-month high against the Japanese yen on expectations the greenback would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation.

The Dollar-Yen price remained largely unchanged in the last session. According to the Williams indicator, we are in an overbought market.
Support: 156.35 | Resistance: 157.72

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