USD/JPY slumps to multi-month lows near 147.00

# POST-MARKET | TRADE MARK
- Update on Measurement

U.S. Dollar / Canadian Dollar
- 3H & 16H

*USD Bias | Bullish
-Monetary policy dynamics should favor Dollar strength into the early part of next year
-Softer growth outlook that will drive safe-haven flows towards the Dollar
-Several factors support Dollar strength
-Reasonably steady US economic trends and hawkish leaning Fed

*USD Bias | Bearish
-Anticipated slowdown of the US economy
-The hurdle for raising rates this month is higher, implying fresh US Dollar falls
-Dollar weakness will pick up pace during 2024 as market attention turns toward Fed rate cuts
-Fed feels more comfortable with receding inflation

*JPY Bias | Bearish
-Any action/intervention that the BoJ may carry out will be short-lived
-Mr. Yen says to steer clear of Yen
-BoJ not changing policy, intensified interest rate differential game
-Japan is still a basket case

*JPY Bias | Bullish
-Likely hawkish monetary policy shift from the BoJ later this year
-Yen can become a significant outperformer during the global easing phase
-The Bank of Japan can add to the yen’s appeal
-The likelihood of a BoJ policy shift should accelerate Yen gains

Conclusion | Trade Plan Execution & Risk Management on Demand;
- USD/JPY stayed deep in negative territory on Friday