In light of the robust economic performance and rising inflation, the BoJ’s monetary tightening cycle should be maintained. While this is positive for the Japanese yen, there are some negative aspects to consider. In particular, the current political uncertainty is a significant factor. Let’s discuss these issues and make a trading plan for the USDJPY pair.
Highlights and key points
The appointment of a new prime minister may extend the BoJ’s wait-and-see approach.
Accelerating GDP and inflation require BoJ to raise rates.
The divergence in monetary policy is beneficial for the Japanese yen.
Short trades can be opened as long… Read full author’s opinion and review in blog of #LiteFinance
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