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The tell in USD/JPY

The tell in USD/JPY
In financial markets, the simplest trade is usually the best one. In the forex market, it's rate differentials.If we look at the post-covid period in the forex market, the defining feature has been yen weakness. That has come on the heels of rate hikes around the world and no change from the Bank of Japan.In practice, how did that trade play out? Here's the monthly chart of USD/JPYWhat struck me when looking at this card is that we're not materially higher than in August 2022 -- a year ago. That... Read More
Posted: Aug 8 2023, 19:58
Author Name: forexlive
Views: 092084

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