Yen needs time. Forecast as of 15.01.2024

Earthquakes, inflation and salary data have made investors doubt about the BoJ's monetary normalization. Together with the revision of market views on the Fed rate, this leads to a USDJPY correction. Let us discuss the Forex outlook and make up a trading plan.

Weekly Japanese yen fundamental forecast

At the end of 2023, the yen seemed to be the main Forex favorite. Many expected the Fed to make a dovish reversal and aggressively tighten monetary policy. The Bank of Japan, on the contrary, is now on the verge of normalization and is about to abandon negative rates. Expectations of monetary divergence allowed… Read full author’s opinion and review in blog of #LiteFinance