After achieving its year-long maximum at 115.514, USDJPY went down to the support at 112.7. The level remained unbroken, and now the price is deciding upon the direction of further motion. At the same time, the tightening of Fed’s monetary policy expected after the meeting on December 15th will only continue the overall contractionary trend, which will stimulate Dollar’s appreciation. The next growth target is 114.8.
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