Yen sends a distress signal. Forecast as of 21.08.2023

The USDJPY soared like a rocket at the end of 2022, but its moves are more ordered in the summer of 2023, lowering the risk of currency interventions from Tokyo. Let's discuss it and make a trading plan.

Weekly fundamental forecast for yen

History repeats itself, and the USDJPY bears started moving backward after the pair broke out at 146, where Japan intervened in the currency market for the first time in September 2022. Even if the intervention wasn't successful, and the bullish trend was broken with USD sales at ¥150, the movement was still drastic. Many lost money, and… Read full author’s opinion and review in blog of #LiteFinance