USD/JPY Technical: Potential Counter-trend Rebound Within Medium-Term Downtrend

<p><img width="612" height="383" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-jpy117.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-jpy117.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-jpy117-600×375.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Recent bizarre hawkish rhetoric from BoJ top officials ahead of Japan’s 2024 nationwide spring wage negotiations sparked a further rally in JPY. Increasing expectations of a BoJ pivot to scrap its decade-long plus of short-term negative interest rate policy to come as early as this month, 19 December monetary policy meeting. The interest rates swap […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/530834-usd-jpy-technical-potential-counter-trend-rebound-within-medium-term-downtrend/">USD/JPY Technical: Potential Counter-trend Rebound Within Medium-Term Downtrend</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>