USD/JPY: forecast for Nov. 27 - Dec. 1

The decline of USD/JPY continued. The pair slide to 111.00 area. The general weakness of the US dollar was the main reason behind its decline.

With a December Fed rate hike almost fully priced in by now, and uncertainty about next year's Fed policy plans, there are reasons to expect further weakness in USD/JPY by the year-end.

As usual, the focus will be on the US economic calendar with such releases as new home sales, CB consumer confidence, preliminary GDP, core PCE price index and ISM manufacturing PMI. At the same time, by the end of the week, we’ll hear from Japan as well: there will be industrial production figures on Thursday and inflation on Friday.

Resistance lies at 111.70 and 112.20, where we find 200- and 50-week MAs. These lines are about to produce a negative intersection. A decline below 111.00 will open the way down to 110.25 (100-week MA).  

Similar

Latest news

Risk On: Market Outlook for May 16-20
Risk On: Market Outlook for May 16-20

Gold is about to break the most significant support. The US dollar index keeps gaining momentum. However, the situation might change this week, and we might see a tiny correction. Investors might return to risk-on and push the US stock market indices and cryptocurrencies to the upside. These and more trade ideas are in our new weekly video! Do not miss it!

IT CAN'T BE REAL | 5 assets to trade on May 9-13
IT CAN'T BE REAL | 5 assets to trade on May 9-13

This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera