Can USDJPY break above 150.5? Key resistance looms, while MACD suggests caution.

The late sell-off last year in the greenback has abated for now…

This new year could see massive changes by major central banks, the crypto sector, as well as the world's second largest economy. Such shifts on the global stage could bring about outsized market reactions. Here are 3 potential opportunities that may have plenty of room to run over the course of 2024.

USDJPY should be able to preserve its downtrend as long as markets still expect the Bank of Japan to exit its negative interest rates regime in 2024, while the Federal Reserve lowers its benchmark rates.