European Luxury Market Set for a Strong Rebound in 2026, UBS Says 
U.S. Black Friday Online Spending Surges to $8.6 Billion, Boosted by Mobile Shoppers 
U.S. Productivity Growth Widens Lead Over Other Advanced Economies, Says Goldman Sachs 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded 
With Bank of Japan's (BOJ) monetary policy out of the way, Yen has found bids heading into FOMC. Yen is the best performing major for second consecutive day and this week's best performing major so far.
With no further clues from BOJ over further easing and considerable uncertainty surrounding this week's FOMC meeting, investors have been flocking to the safety and liquidity of the Yen.
Why Yen is a better bet heading into FOMC?
- With Neutral Monetary policy from BOJ, Yen's movement is likely to be influenced by two key factors both ahead and post FOMC.
- While in one hand, movement of Dollar is likely to influence the move in Yen, risk aversion is likely to be major factor influencing Yen.
Now, if FED choose not to hike rates this week by 25 basis points Yen is likely to gain as Dollar is likely to face broad-based selloffs.
On the other hand, if FED do hike rates, it might generate considerable risk aversion in the market, again leading to Yen's rise.
Yen is currently trading at 119.7 against Dollar. Key resistance at 122 area and support at 118 and 116.
