Japan appears to have finally achieved its long-standing goal of strengthening the yen. Currency intervention, speculation about aggressive BoJ rate hikes, and renewed capital inflows have all helped drive the Japanese currency higher.
Japan appears to have finally achieved its long-standing goal of strengthening the yen.
Currency intervention, speculation about aggressive BoJ rate hikes, and renewed capital inflows have all helped drive the Japanese currency higher.
Let's examine the situation and develop a trading plan for the USD/JPY pair.
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Japan appears to have finally achieved its long-standing goal of strengthening the yen. Currency intervention, speculation about aggressive BoJ rate hikes, and renewed capital inflows have all helped drive the Japanese currency higher. Let's examine the situation and develop a trading plan for the USD/JPY pair.
Major Takeaways US participation in currency interventions is a necessity. Pension funds' appetite for Japanese assets is growing. Long trades can be opened if the USD/JPY pair breaks through 154.4.
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