Yen has to outdo itself. Forecast as of 03.06.2024

1 min read

A weak yen is an acute pain for the Japanese government and the Bank of Japan. For speculators, this is a great carry trade opportunity. At the same time, the USDJPY may begin to consolidate. Let’s talk about this topic and make a trading plan.

Weekly fundamental forecast for Japanese yen

When investors were betting on the USDJPY’s uptrend reversal in late 2023, they were anticipating 6-7 fed funds rate cuts and several overnight rate hikes. Five months later, the outlook has changed. The market anticipates at least two rate cuts from the Fed. No matter how many steps the… Read full author’s opinion and review in blog of #LiteFinance

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