Yen draws a line in the sand. Forecast as of 02.10.2023

The higher you rise, the deeper you fall. This is especially acute for the USDJPY pair. A year ago, the Bank of Japan set back the bulls. The situation can well repeat this time. Let us discuss the Forex outlook and make up a USDJPY trading plan.

 Weekly Japanese yen fundamental forecast

The USDJPY has closely approached the level of 150, increasing the risks of the BoJ’s currency interventions. Last year, Tokyo spent about $60 billion on FX interventions and eventually achieved its goal, weakening the US dollar versus the yen. However, at that time, the expectations of a recession… Read full author’s opinion and review in blog of #LiteFinance