Yen is anchored. Forecast as of 23.10.2023

For several weeks now, the USDJPY traders have been worried about the topic of currency interventions. However, if you look further, it becomes clear that the pair trend depends on the events in the USA.  Let us discuss the Forex outlook and make up a trading plan.

Weekly Japanese yen fundamental forecast

The USDJPY traders are cautious about breaking out the level of 150, being afraid of the BoE currency interventions. Based on the ongoing rally in Treasury yields, the strength of the US dollar, and the fall in US stock indices, the pair should trade significantly higher. However, the… Read full author’s opinion and review in blog of #LiteFinance