USDJPY Fundamental Drivers Analysis

Wednesday is expected to be another light day on the economic calendar, as a dearth of high-profile data keeps investors fixated on monetary policy. Meanwhile, get updated on the 20 December USDJPY Fundamental Drivers Analysis.

20 December, OctaFX – It has been a big month for monetary policy after the US Federal Reserve raised interest rates for the third time this year. In doing so, the Fed maintained its outlook on three more rate increases in 2018. The Fed’s decision to lift rates was probably the last under the leadership of Chairwoman Janet Yellen. She will be replaced early next year by Jerome Powell.

The National Association of Realtors (NAR) will headline the US release schedule with its monthly report on existing home sales. The sale of previously-owned homes is forecast to rise 1% to a seasonally adjusted 5.52 million in November.

20 December USDJPY Fundamental Drivers Analysis

The USD/JPY is experiencing a relatively uneventful session, as the pair continues its long climb back toward 113.00. Current price action is just below that level, although analysts warn this pair could be rangebound for the foreseeable future.


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