USD/JPY Ends Tumultuous 2022 Down 1% On Week, Technicals Point To Further Yen Strength
- USD/JPY stuck near 141.00 on the last trading day of 2023, down 1% on the week
- Greenback shed 0.3% against Yen on Friday as US data misses forecasts
- Pair up 7% on the year but has closed lower 7 of the last 8 weeks
- Technicals show no signs of Dollar strengthening into 2024
- Investors expect souring global outlooks to push Fed towards rate cuts next year