Will yen lose its position soon? Forecast as of 22.01.2024

Things are constantly changing in Forex. Outsiders become favorites, and leaders lose their positions. A typical example is the yen. Let us discuss the Forex outlook and make up a trading plan for USDJPY.

Weekly Japanese yen fundamental forecast

At the end of 2023, the yen was the main Forex favorite due to divergence in monetary policy. Investors were confident that the Bank of Japan would abandon negative rates, which, together with the Fed's expectations of a 150 bps reduction in borrowing costs in 2024, caused USDJPY to fall. However, since the beginning of January the situation has changed dramatically. The… Read full author’s opinion and review in blog of #LiteFinance