Will geopolitics support the yen? Forecast as of 16.10.2023

Unlike gold, the yen buyers do not take advantage of rising geopolitical tensions in the Middle East. Do USDJPY bears just need time?  Let us discuss the Forex outlook and make up a trading plan.

Weekly Japanese yen fundamental forecast

Cautiness caused the USDJPY to enter consolidation. Investors are willing to add up to the longs amid the divergence in the monetary policies of the Fed and the Bank of Japan. At the same time, they hesitate due to the sharply increased risks of currency intervention as the price approaches the level of 150. They still cannot answer the question… Read full author’s opinion and review in blog of #LiteFinance