Our fundamental bias is tilted to the upside for this pair as the FED is expected to hike rates earlier due to inflation fears in the US economy. The JPY is expected to be pressured due to the BOJ assuring the market that they are not planning to raise rates anytime soon. We structurally expect the pair to complete a WXY in a higher timeframe.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.