USD/JPY Long (Stop Hunt, Battle of the Safe Havens)
USD safe haven tendency along with a hawkish outlook could help dollar do well in the current risk off mood of the market.
JPY continue to be dovish recently making announcements confirming no plan to tighten policy creating a divergence. Where as JPY acts a safe haven, the USD safe haven + hawkishness could outweigh this and move towards forecasts of 115.75
JPY continue to be dovish recently making announcements confirming no plan to tighten policy creating a divergence. Where as JPY acts a safe haven, the USD safe haven + hawkishness could outweigh this and move towards forecasts of 115.75
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