USD/JPY Technical Analysis: Continued Collapse of JPY - 28 June 2022
Japanese officials’ ignoring of the continuous collapse of the Japanese yen exchange rate, along with the US Federal Reserve’s continued intention to raise US interest rates strongly during 2022
Going for 137........
Japanese yen depreciated 25% from last 10 months.
Because in USA, FED is rising rates.
In Japan, there is no rise in interest rates.
So Financial Institution are dumping Japanese's Bond like nothing.
Dollar demand increases against Japanese's yen due to FI selling.
I come from the future.
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