RSS Yen Fails to Meet Expectations. Forecast as of 30.12.2024

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 RSS Yen Fails to Meet Expectations. Forecast as of 30.12.2024

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The overnight rate hikes at the Bank of Japan's March and July meetings and Tokyo's $100 billion currency intervention failed to reverse the upward trend in the USDJPY exchange rate. The question arises: what does the future hold for the Japanese yen? Let's discuss this topic and make a trading plan. Major Takeaways In early 2024, the yen was among currency market leaders. Despite the BoJ rate hike, it was a bad year for the yen. The market is speculating about the levels from which Tokyo will intervene. A USDJPY rally towards 160 and 162 is gaining momentum. Monthly Fundamental... Read full author’s opinion and review in blog of #LiteFinance
 
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