USDJPY: Still keeping ourselves in the high price zone!

The Japanese Yen (JPY) is currently struggling to capitalize on any gains against the US Dollar, remaining near multi-decade lows. The Bank of Japan (BoJ) is not in a hurry to normalize monetary policy, while the US Federal Reserve (Fed) is forecast to keep interest rates higher for a long time due to persistent inflation. This reduces the appeal of the Japanese Yen as a safe haven.

Meanwhile, the US Dollar (USD) continues to strengthen, supported by hawkish policy expectations from the Fed, although there is speculation that Japanese government intervention could limit gains. This. Upcoming decisions from the BoJ along with key economic indicators from the United States will be the key factors determining the short-term direction of the USD/JPY currency pair.

Trade active

Trade active