The USDJPY has been extremely bullish after breaking out of a daily wedge formation.
The breakout was on the back of the fundamentals of diverging monetary policy from the FED and BOJ. The Fed of course looking to raise rates and the BOJ looking to adjust inflation via easing.
In recent news events, the market has gotten the impression that both central banks are changing their stance a bit within one week. Where the monetary policy are still diverging, they are now looking to move the opposite …
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał