USD/JPY Forecast: Dollar Hits 3-Month Low on Dovish Fed

<div><img width="838" height="554" src="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg" class="type:primaryImage wp-post-image" alt="my USD/JPY price analysis outlook forecast" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg 838w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-300×198.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-150×99.jpg 150w" sizes="(max-width: 838px) 100vw, 838px" /></div>
<p>Fed’s Waller suggested the possibility of a rate cut in the coming months. The dollar dropped over 0.5% to 146.675 yen, marking its weakest point in over two months. A key measure of Japan’s inflation trend accelerated to 2.2% in October. The USD/JPY forecast showed a bearish bias entering midweek as the dollar fell to…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2023/11/29/usd-jpy-forecast-dollar-hits-3-month-low-on-dovish-fed/">USD/JPY Forecast: Dollar Hits 3-Month Low on Dovish Fed</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>