• USD/JPY eased slightly on Wednesday as investors assessed the central bank’s tightening amid Japan’s expansionary fiscal outlook under Takaichi.
• BOJ Governor Ueda told PM Takaichi that the central bank is gradually raising rates to steer inflation toward 2% and support sustainable growth..
• The premier made no monetary policy requests, Ueda told reporters following his first meeting with Takaichi since her appointment.
• The meeting followed the yen’s drop to a nine-month low, prompting concern from Japan’s finance minister over currency volatility.
• Takaichi’s inauguration, a proponent of expansionary policy, complicates the BOJ’s push to raise low borrowing costs.
• Immediate resistance is located at 155.71 (23.6%fib), any close above will push the pair towards 156.25 (Higher BB).
• Support is seen at 154.83(Nov 18th low) and break below could take the pair towards 153.75 (38.2%fib)
Recommendation: Good to buy around 155.00, with stop loss of 153.60 and target price of 155.80


FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY dips below lower range, bearish bias increases
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
FxWirePro- Major Crypto levels and bias summary
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: AUD/USD firms as Australian household spending records sharp jump
FxWirePro- Major Pair levels and bias summary
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD edges higher but bearish outlook persists 



