Central Bank tracks the Yen. Forecast as of 28.08.2023

Is the USDJPY rally indeed becoming more significant for Kazuo Ueda and his colleagues than the Japanese bond yields? Judging by the decrease in the debt market volatility, this makes sense. Let us discuss the Forex outlook and make up a trading plan.

Weekly Japanese yen fundamental forecast

Although the Japanese inflation has exceeded the 2% target for 16 consecutive months, Kazuo Ueda in Jackson Hole insists that it falls short of it. This is the central bank's opinion, which is willing to stick to its ultra-easy monetary policy, holding back the Japanese bond yields. The USDJPY bears look discouraged. … Read full author’s opinion and review in blog of #LiteFinance