Yen growth delayed. Forecast as of 05.02.2024

Strong data on American employment not only forced the derivatives market to abandon the idea of cutting the Federal funds rate in March but also raised Treasury yields. As a result, USDJPY rose. Let us discuss the Forex outlook and make up a trading plan.

Weekly Japanese yen fundamental forecast

The Japanese yen fluctuates wildly. Signs that the BoJ will normalize monetary policy in the spring triggered a USDJPY decline to 146. However, the shift in the start of the Fed's monetary expansion from March to May launched a large-scale wave of purchases and increased the possibility of the pair returning above… Read full author’s opinion and review in blog of #LiteFinance