USDJPY- IS it a beginning of major bulish trend nowthe USD/JPY pair is currently in a major bullish trend, driven by several key factors:
1. Interest Rate Differentials: The U.S. Federal Reserve maintains higher interest rates compared to the Bank of Japan, attracting capital flows into the U.S. dollar and away from the yen.
2. Dovish Bank of Japan: Despite global tightening, the BOJ remains cautious about raising rates or ending yield curve control, weakening the yen further.
3. Robust U.S. Economic Data: Strong economic indicators from the U.S. (such as inflation, jobs, and GDP growth) continue to support expectations of prolonged higher rates, boosting the dollar.
