Yen dances to the Fed's piping. Forecast as of 08.05.2023
Japan's lower recession risks than in the USA and the BoJ's need to normalize policy support the USDJPY's bears. However, it's too early to brush the USD aside. Let’s discuss that and make a trading plan.
Weekly fundamental forecast for yen
Markets prefer sticks over carrots. Unlike Christine Lagarde, who is always searching for compromises, the former ECB President Mario Draghi would often bring the euro to life with his personal decisions, for example. Thus, Jerome Powell's statement that investors can have their own opinion regarding rates knocked the USD off its feet. The USDJPY quotes collapsed amid rumors that... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3NPf5nE
