A weak US jobs report for June could be the perfect backdrop for the government and BoJ to intervene in the Forex market. Which level will trigger action? Let’s discuss these topics and make a trading plan for USDJPY.
Weekly fundamental forecast for Japanese yen
According to Mizuho Bank and Sumitomo Mitsui DS Asset Management, USDJPY bulls claim that the previous currency interventions were unsuccessful, predicting the pair to climb to 170. On the contrary, Macquarie Group expects the US dollar to weaken to ¥120. The failures of the government and the Bank of Japan are due to the fact… Read full author’s opinion and review in blog of #LiteFinance
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