For an extended period, the yen was constrained by the considerable disparity between the Fed and Bank of Japan interest rates. However, in late July and early August, the currency managed to overcome this roadblock, triggering a significant market turmoil. Let’s discuss this topic and make a trading plan for the USDJPY pair.
Highlights and key points
The Bank of Japan may abandon policy normalization.
The winding down of carry trades has caused turbulence in the markets.
Increased volatility indicates that markets have not calmed down yet.
The level of 147.2 is a line in the sand for the USDJPY pair…. Read full author’s opinion and review in blog of #LiteFinance
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