Yen climbs escalation ladder. Forecast as of 03.07.2023
When the Japanese government and central bank actively use verbal interventions, they could move on to FX interventions as well. Where will the USDJPY go?
Monthly Japanese yen fundamental forecast
The lower the yen goes, the more nervous are the USDJPY sellers. When the price reached the psychologically important level of 145, it was corrected up. It is not clear whether the Bank of Japan had a hand in it. On the one hand, the trading volume was small. On the other hand, Westpac believes that the official Tokyo will choose a small-scale currency intervention to keep Forex on its toes.... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3JGJBgt
