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USD/JPY Forecast: From BoJ Pivots to Interventions with the Fed in Focus
The USD/JPY rallied 1.14% on Tuesday. Following a 0.10% gain on Monday, the USD/JPY ended the session at 150.845. The USD/JPY fell to a low of 148.972 before rising to a Tuesday session high of 150.961. From Bank of Japan Pivots to Interventions: The Bank of Japan raised interest rates for the first time in 17 years, exiting negative rates on Tuesday. However, the markets considered the Tuesday policy decision a dovish pivot, impacting the Yen. With the markets expecting the BoJ to sit at zero for the foreseeable future, wage hikes must translate into private consumption to enable the BoJ to lift rates higher. ... (full story)
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- Posted: Mar 19, 2024 11:10pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 5,033
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