Yen hopes for interventions. Forecast as of 19.06.2023

Yen is weakening as the new BoJ governor remains passive amid continuing cycles of monetary tightening by other central banks. Let's talk about this topic and make up a USDJPY trading plan.

Weekly Japanese yen fundamental forecast

The Bank of Japan, as expected by 96% of Reuters experts, maintained its ultra-easy monetary policy in June. BoJ continues to wait and see while other central banks either go on raising the rates or pause with a hint of a resumption of the monetary tightening cycle. For example, the Fed should raise borrowing costs twice more in 2024. As a result, a contrast… Read full author’s opinion and review in blog of #LiteFinance