Yen to show off. Forecast as of 20.11.2023

If the Fed starts cutting interest rates in 2024, it will be profitable to sell the USDJPY. The BoJ monetary normalization will support the yen. Let us discuss the Forex outlook and make up a trading plan.

Monthly Japanese yen fundamental forecast

The Forex market is constantly changing. The Japanese yen could well become a winner in 2024 following a losing streak this year. While the Fed and other regulators will ease monetary policy, the Bank of Japan will face the need to normalize it. As a result, the Japanese yen could become the G10 best performer. 

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