Yen waits at the start. Forecast as of 06.11.2023

The market's initial reaction to the flexible approach to yield curve control was disappointment. However, then the understanding came that BoJ not only acted correctly but also chose the right time. Let us discuss the Forex outlook and make up a USDJPY trading plan.

Weekly Japanese yen fundamental forecast

The more predictable the central bank is, the easier it is to trade against it. At first glance, BoJ's move from rigid to flexible targeting of the +/-1% 10-year yield range looked like hesitation, a knee-jerk reaction to market pressure. In fact, Kazuo Ueda is doing everything right. He is beginning… Read full author’s opinion and review in blog of #LiteFinance