JPY Faces Downward Pressure: Overview for December 19, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPY_12-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="USD/JPY analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">USD/JPY</a> pair is on a decline post the Bank of Japan meeting.</p>

<p>On Tuesday, the Japanese yen is compelled to slide against the US dollar, with the current USD/JPY exchange rate at 143.50.</p>

<p>The descent of the Japanese yen is driven by the Bank of Japan's unexpected inaction. The December meeting unfolded in a highly routine manner. The central bank upheld its ultra-soft credit and monetary policy, providing no insights into potential deviations from this strategy in 2024.</p>

<p>The <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> remained steady at -0.10% per annum.</p>

<p>Despite the Bank of Japan's optimistic portrayal of economic trends, citing a moderate recovery and anticipation of <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> surpassing the sustainable 2%, this surge is expected to be short-lived. A local slowdown in the Consumer Price Index (<a href="https://blog.roboforex.com/blog/2021/08/25/what-is-consumer-price-index-and-how-to-use-it-in-forex/" data-internallinksmanager029f6b8e52c="197" title="CPI">CPI</a>) is anticipated in the near future. The central bank is vigilantly examining currency rates, market dynamics, and their broader impact on the economy and prices.</p>

<p>For investors, there's a lack of novelty and nothing particularly favorable for the yen.</p>

<p>The market, hopeful for a change in rhetoric at the very least, found no such developments.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2023/12/19/jpy-faces-downward-pressure-overview-for-december-19-2023/">JPY Faces Downward Pressure: Overview for December 19, 2023</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>