
While Washington is offering Tokyo a reprieve on tariffs, attributing the USDJPY pair’s downtrend to the strength of the Japanese economy and the BoJ’s overnight rate hike, the yen is strengthening on other factors. The Japanese currency is regarded as a highly reliable safe haven. Let’s discuss this topic and develop a trading plan. Major Takeaways Investors favor the yen as a safe-haven currency. Speculators are actively buying the Japanese currency. The futures market is not sure about the BoJ rate hike. Short trades on the USDJPY pair can be opened with targets of 140 and 135. Weekly Fundamental Forecast… Read full author’s opinion and review in blog of #LiteFinance
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