Reported 6 months ago
The article discusses the USD/JPY forecast, noting that the US dollar is consolidating against the yen. The market is stable with no significant reasons to be short, and the Federal Reserve's tight policy contrasts with the Bank of Japan's unchanged monetary stance. The 155 yen level is seen as a key support, and any potential intervention by the Bank of Japan may only slow down the market temporarily. The article anticipates a gradual move towards the 160 yen level, considering any dips as buying opportunities, with the Japanese yen potentially weakening against various currencies.
Source: YAHOO