Yen is weighted down. Forecast as of 07.08.2023

Monetary normalization is the BoJ recognized need. However, it is not clear how to normalize monetary policy without damaging the economy. The USDJPY bulls have been supported by both a favourable economic environment and the BoJ actions. Let us discuss the Forex outlook and make up a trading plan.

Weekly Japanese yen fundamental forecast

Speed matters. While the BoJ has moved from tight to flexible yield curve regulation, it will not let bond yields approach 1% too quickly. The regulator has already entered the market several times with an offer to purchase bonds in the week ended August 4, it offered to… Read full author’s opinion and review in blog of #LiteFinance