The yen frightened the markets. Forecast as of 10.07.2023
Fundamentally, the USDJPY's fall doesn't look logical. However, everything falls into place if we consider a market tension growing bigger amid fears of currency interventions. Let's discuss it and make a trading plan. Weekly fundamental forecast for yen While the Bank of America was insisting there would not be any interventions before reaching the level of 150 and Eisuke Sakakibara, known as “ Mr. Yen” for his ability to impact the market in the 90s, was saying the dollar could rise to ¥160, the USDJPY collapsed as if shot, catalyzed by the US jobs report for July. But actually, that... Read full author’s opinion and review in blog of #LiteFinance
Fundamentally, the USDJPY's fall doesn't look logical. However, everything falls into place if we consider a market tension growing bigger amid fears of currency interventions. Let's discuss it and make a trading plan.
Weekly fundamental forecast for yen
While the Bank of America was insisting there would not be any interventions before reaching the level of 150 and Eisuke Sakakibara, known as “ Mr. Yen” for his ability to impact the market in the 90s, was saying the dollar could rise to ¥160, the USDJPY collapsed as if shot, catalyzed by the US jobs report for July. But actually, that... Read full author’s opinion and review in blog of #LiteFinance
