Yen is heading down. Forecast as of 14.08.2023

Earlier, the Bank of Japan used interventions when the USDJPY approached level 145. Now, the Japanese government and the BoJ officials keep silent. What's the reason? Let us discuss the Forex outlook and make up a trading plan.

Weekly Japanese yen fundamental forecast

Silent means consent. Although the USDJPY has approached the critically important level of 145 in the recent past, official Tokyo has not yet used verbal interventions. In 2022, the Bank of Japan bought the yen against the US dollar three times, but this time it looks more patient. The adjustment of the BoJ monetary policy in July and disinflation in… Read full author’s opinion and review in blog of #LiteFinance