With the possibilty of BOJ to end YCC, Yield will start rising up in Japan. concurrenctly, Powell becomes dovish, and put FED funds rate cut on the table in 2024,
The yield gap between the 2 economies will start to get narrower.
Carry trading will be no longer perceive as attractive.
USD weakness - JPY strength
Both currencies of the pair pointing towards trending down.
Technical
Higher time frame structure (daily), keep making Lower Highs and Lower Lows.
Also pointing towrds trending down
Not afraid to be wrong, ik what am goin' to lose!
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