Yen pleases the bulls. Forecast as of 11.12.2023

The Bank of Japan will have to normalize its monetary policy sooner or later. If it happens in 2024, the federal funds cut will encourage the USDJPY bears. Let us discuss the Forex outlook and make up a trading plan.

Weekly Japanese yen fundamental forecast

The New Year will bring good news. The Japanese yen had been an underdog for the eleven months of 2022. However, it turned out to be a good performer in December. Due to hints by BoJ officials about normalizing monetary policy, the USDJPY price crashed. Looking at the pair’s downtrend, there was a feeling of… Read full author’s opinion and review in blog of #LiteFinance