USDJPY Chart Technical Outlook remains firm, aiming for 154.65 and then 156.00
The Dollar has drawn support from news reporting that Trump might have taken control of both chambers, allowing the Republican leader to implement his inflationary policies of low taxes and high tariffs without obstacles.
This scenario has forced investors to pare back hopes of a Fed hike in December, boosting the US Dollar and weighing on the Yen.
Later today a string of Fed officials will speak and might give further insight on the topic ahead of Wednesday’s US CPI data and Thursday’s speech by Ferd Chairman, Jerome Powell.
The pair remains trading within an ascending channel, with the next resistance at 154.65 and the channel top, now at 156.00. Supports are 152.40 and 151.40.
