RSS Markets Suspect BoJ of Unusual Intervention. Forecast as of 13.01.2025

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 RSS Markets Suspect BoJ of Unusual Intervention. Forecast as of 13.01.2025

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The USDJPY pair has declined in response to robust US employment statistics for December, deviating from the principles of fundamental analysis. The US dollar strengthened against major world currencies, with the exception of the yen. Let's discuss this topic and make a trading plan. Major Takeaways Strong US employment data has strengthened the yen. Tokyo prefers to keep silence about currency interventions. The Bank of Japan is unlikely to increase the overnight rate before March. A pullback in the USDJPY pair is an opportunity to open long trades with the target at 160 and higher. Weekly Fundamental Forecast for Yen In... Read full author’s opinion and review in blog of #LiteFinance
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