Yen reaches the red line. Forecast as of 04.09.2023

Goldman Sachs claims the dollar could jump to ¥155, the highest level since 1990. The pair's reaction to the US jobs report confirms this. But what will actually happen? Let us discuss the Forex outlook and make up a USDJPY trading plan.

Weekly Japanese yen fundamental forecast

 The reaction of the markets to the US jobs report weighed down on the yen and brought the USDJPY up to a dangerous line. The previous rise above the level of 147 resulted in an increase in the weekly volatility of the yen from 7.4% to 8.67%. Investors are aware of the risks… Read full author’s opinion and review in blog of #LiteFinance