Yen goes into shadows. Forecast as of 08.01.2024

The market expected signals from the Bank of Japan about monetary policy normalization as early as January, but the natural disaster forced the BoJ to act cautiously. How will this affect USDJPY? Let us discuss the Forex outlook and make up a trading plan.

Weekly Japanese yen fundamental forecast

The earthquakes that hit Japan and the market's revaluation of expectations for the Fed's monetary expansion allowed the USDJPY bulls to achieve their best result in the last 16 weeks. Due to the natural disaster, BoJ officials will think twice before normalizing monetary policy, which reduces the chances of the central bank abandoning… Read full author’s opinion and review in blog of #LiteFinance