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USD/JPY is thinking about a break to the upside

The market is broadly selling the yen on a higher-rates-for-longer trade globally in the hopes of a soft landing and improving global growth due to China stimulus.The trade makes sense and USD/JPY is now threatening to break out of a consolidation pattern that's unfolded in the past three weeks.My one worry is that Japan CPI stays strong and that the BOJ is forced into an ugly abandonment of yield curve control. Right now, officials there are saying that high prices are transitory but that sound... Read More

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Posted: Jun 13 2023, 19:22

Author Name: forexlive

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