• USD/JPY inched higher on Friday but gains were capped amid growing expectations of a BoJ rate hike.
•The BOJ is expected to restart the cycle of hikes after pausing for months to assess the impact from U.S. President Donald Trump’s tariff campaign.
•Markets have fully factored in the current rate move, attention among Bank of Japan observers is expected to center on signals regarding the pace of future hikes and the cycle’s peak.
• Ueda made an uncharacteristic speech earlier this month in which he clearly telegraphed a rate hike at this meeting.
• In the Dec. 2–9 survey, 90% of economists (63 out of 70) predicted the Bank of Japan would lift short-term rates to 0.75% from 0.50% at next week’s meeting.
• Immediate resistance is located at 156.01(SMA 20), any close above will push the pair towards 157.42(Higher BB).
• Support is seen at 156.74 (Lower BB) and break below could take the pair towards 154.44 (38.2%fib)
Recommendation: Good to sell around 155.80 with stop loss of 156.50 and target price of 154.80


FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY bears maintain upper hand
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 



