This analysis dives into the post-election movement of the USDJPY pair, examining potential bullish and bearish patterns, and explores how the recent DXY strength might impact other Japanese yen pairs, like AUDJPY, EURJPY, GBPJPY, NZDJPY, and CADJPY.
Japanese stocks are expected to soar in the coming months, with the Nikkei 225 projected to reach new record highs. According to analysts at UBS, the Nikkei is poised to close the year at 45,000 points, while the TOPIX index is set to hit 3,120 points. Export-oriented businesses are expected to lead the market rally, and the yen is predicted to continue its downward trend.
