{"id":223211,"date":"2024-01-04T02:58:05","date_gmt":"2024-01-03T21:28:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=223211"},"modified":"2024-01-04T02:58:05","modified_gmt":"2024-01-03T21:28:05","slug":"usd-jpy-hesitates-just-shy-of-143-75-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-jpy-hesitates-just-shy-of-143-75-crypto-news\/","title":{"rendered":"USD\/JPY hesitates just shy of 143.75 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>USD\/JPY took a step back from Wednesday\u2019s grind higher after failing to claim 143.75.<\/strong><\/li>\n<li><strong>Yen selling pressure eased off after Fed\u2019s latest meeting minutes poised to disappoint markets.<\/strong><\/li>\n<li><strong>China Services PMI to drive market sentiment in early Thursday market session.<\/strong><\/li>\n<\/ul>\n<p>The USD\/JPY drove higher on Wednesday as the US Dollar (USD), the day\u2019s single best-performing currency clambered over the Yen (JPY), the day\u2019s biggest loser. The USD\/JPY climbed one and a third percent bottom-to-top for the midweek market session, slipping back from just below 143.75 to wrap up Wednesday\u2019s trading just above the 143.00 handle.<\/p>\n<p><strong>FOMC Minutes: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/fomc-minutes-interest-rates-seem-to-be-at-or-near-peaks-202401031907\">Interest rates seem to be at or near peaks<\/a><\/strong><\/p>\n<p>The Federal Reserve\u2019s (Fed) meeting minutes from the US central bank\u2019s December discussion revealed that Fed policymakers may not be as far along the path towards rate cuts as market have been hoping for. Fed officials noted that, while <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a> appear to be \u201cat or near\u201d the peak, the main policy rate could hold higher for longer than market participants are currently expecting. The meeting minutes stand in stark contrast to the market\u2019s broad risk-on reaction following Fed Chairman Jerome Powell\u2019s surprise pivot in December which sent market expectations of rate cuts through 2024 skyrocketing.<\/p>\n<p>The upcoming Thursday Asia market session is set for the second half of Purchasing Managers\u2019 Index (PMI) figures from China with the China Caixin Services PMI slated to drop early at 01:45 GMT, and markets are expecting a slight uptick from November\u2019s 51.5 to 51.6 in December.<\/p>\n<p>China\u2019s Caixin Manufacturing PMI on Tuesday came in above expectations, surprising to the upside and ticking higher from 50.7 to 50.8 in December, easily clearing the median market <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">forecast<\/a> of 50.4. A matching beat for Thursday\u2019s Services PMI will help bolster <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/sentiment\/risk-appetite\">risk appetite<\/a> as markets kick off the back half of the first trading week of 2024.\u00a0<\/p>\n<p>High-impact data will wrap up the trading week with Friday\u2019s US <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/economic-indicator\/nfp\">Nonfarm Payrolls<\/a>, expected to slip back slightly from 199K to 168K in December.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/JPY Technical Outlook<\/h2>\n<p>The USD\/JPY\u2019s rally on Wednesday took the pair cleanly through the 200-hour Simple Moving Average (SMA) just above 142.00, sending the pair just shy of 143.75 before settling back towards the 143.00 handle.<\/p>\n<p>Daily candlesticks have the pair running directly into technical resistance from the 200-day SMA just above 143.00, and the pair\u2019s 7.5% peak-to-trough decline from November\u2019s peak of 151.91 remains intact.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/JPY Hourly Chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/JPY Daily Chart<\/h2>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/USD_JPY-638399133775536597.png\" style=\"width: 898px;height: 731px\" \/><\/p>\n<h2 class=\"fxs_headline_medium\">USD\/JPY Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/JPY took a step back from Wednesday\u2019s grind higher after failing to claim 143.75. Yen selling pressure eased off after Fed\u2019s latest meeting minutes poised to disappoint markets. China Services PMI to drive market sentiment in early Thursday market session. The USD\/JPY drove higher on Wednesday as the US Dollar (USD), the day\u2019s single [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,366,255,250,252,1063,247,253,249,275,256,254],"class_list":["post-223211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-fed","tag-gta","tag-looks-rare","tag-oracle","tag-pmi","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/223211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=223211"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/223211\/revisions"}],"predecessor-version":[{"id":223213,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/223211\/revisions\/223213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/13161"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=223211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=223211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=223211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}