If you look at what the Bank of Japan will do against the backdrop of a weakening yen, we can assume that the price will go to 148. If If they do nothing , the price will form a lower line and continue to move to 155.110 and then 159.397, 160.321. (We can sell again at these points). The Fed is currently unwilling to cut interest rates until inflation reaches 2 percent. We'll still have to wait for inflation data to make any predictions about the Fed's next steps. Now it's all about the data and the decision of the Bank of Japan
Comment:
JAPAN FINMIN SUZUKI: LOOKING AT BACKGROUND OF YEN WEAKENING TO 152, 153 TO DOLLAR, NOT NECESSARILY THE LEVELS THEMSELVES
Comment:
Japan’s Suzuki Says Yen Set by ‘Various Factors’ Beyond Rate Gap
On Wednesday, US Treasury Secretary Janet Yellen took note of “serious concerns” over the weakness of the yen and the Korean won in her meeting with Suzuki and South Korean Finance Minister Choi Sang-mok. Later that day, Japan pressed its Group of Seven peers to reaffirm their commitments on foreign exchange, similar to G-20’s.
www.bnnbloomberg.ca/...d-rate-gap-1.2061023
On Wednesday, US Treasury Secretary Janet Yellen took note of “serious concerns” over the weakness of the yen and the Korean won in her meeting with Suzuki and South Korean Finance Minister Choi Sang-mok. Later that day, Japan pressed its Group of Seven peers to reaffirm their commitments on foreign exchange, similar to G-20’s.
www.bnnbloomberg.ca/...d-rate-gap-1.2061023