USD/JPY Forecast: Robust US Sales Push Dollar to 1-Month Top

<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" 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>Robust US retail sales data reduced bets on a Fed interest rate cut in March. The likelihood of a rate cut in March has reduced to 61% from 65.1% on Tuesday. Investors have steadily reduced bets on a hawkish Bank of Japan. Thursday’s USD/JPY forecast maintains its optimistic stance, staying bullish despite a minor retreat….</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/18/usd-jpy-forecast-robust-us-sales-push-dollar-to-1-month-top/">USD/JPY Forecast: Robust US Sales Push Dollar to 1-Month Top</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>