USDJPY fell to six-week low on Friday, in fresh acceleration lower after stronger than expected inflation rise in Tokyo in November, boosted expectations for Bank of Japan’s rate hike in the policy meeting next month. Fresh bears cracked key supports at 150.18/00 (Fibo 38.2% of 139.57/156.74/psychological, reinforced by 55DMA), with weekly close below these level […]
The post USD/JPY Outlook: Cracks Pivotal 150 Support Zone on Growing Expectation for BoJ Rate Hike appeared first on Action Forex.
