FX.co ★ USD/JPY

Hello traders, Despite the fact that the USDJPY pair has been showing a downward trend for the past 2 trading weeks, there are no signals on the higher timeframe (1D) that would allow us to draw conclusions about a potential continuation of the bearish trend. On the 1H timeframe, there seems to be a compression of liquidity (speaking of the current price decline wave). I interpret this as a potential signal that the pair will soon resume its growth. Despite the weakening of the US dollar (amid expectations of a rate cut at the December 10 meeting), the pair's rise could be supported by positive dynamics in the stock markets. However, the monetary policy of the Bank of Japan is starting to hint at tightening. In this case, things are clearly not in favor of the bulls. The current liquidity raid on the 1H fractal at 155.55 may not mean anything, and the price could continue to move downwards.