Markets eagerly await BoJ move. Forecast as of 27.05.2024

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If you constantly wait for new evidence, you may miss the moment for decisive action. The Bank of Japan’s decisions are made by people, and their reluctance to take action hinders the yen. Let’s talk about this and make a trading plan for USDJPY.

Weekly fundamental forecast for Japanese yen

The BoJ’s dithering is slowly killing the Japanese yen. The regulator needs evidence that inflation is anchored near 2%, which seems odd at first glance. Consumer prices have been above that mark for 25 consecutive months, and Tokyo still cannot believe its good fortune, but dig a little deeper, and… Read full author’s opinion and review in blog of #LiteFinance

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