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USD/JPY Daily Forecast: Fed and BoJ Policy Divergence Points to Sub-140
The USD/JPY slid by 2.66% in the week ending September 6. On Tuesday, September 3, the USD/JPY climbed to a high of 147.210 before tumbling to a Friday low of 141.763. Q2 GDP Numbers to Set the Tone It could be a pivotal week for the Japanese Yen as investors speculate about the timing of the next Bank of Japan rate hike. On Monday, September 9, finalized GDP figures for Q2 will impact buyer demand for the USD/JPY pair. According to the preliminary report, the Japanese economy expanded by 0.8% in Q2 2024 after contracting by 0.5% in Q1 2024. An upward revision to the preliminary GDP could boost demand for the Yen. A ... (full story)
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- Posted: Sep 9, 2024 1:03am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,583
