Yen scared Forex. Forecast as of 09.10.2023

A drop in the US dollar versus the Japanese yen was reminiscent of last year's currency interventions. However, investors are so nervous that the reason could be exiting longs near the level of 150. Let us discuss the Forex outlook and make up a USDJPY trading plan.

 Weekly Japanese yen fundamental forecast

Was there a Forex intervention? The yen rise in early October suggested such a scenario. Representatives of the Japanese government and central bank refrained from commenting. However, the decline of USDJPY from 150 to 147.3 clearly hints at a currency intervention of official Tokyo. Nonetheless, such a price movement… Read full author’s opinion and review in blog of #LiteFinance