The yen rallied after Shigeru Ishiba won Japan’s election. Ishiba supports the recent Bank of Japan policy moves. The dollar fell due to softer-than-expected inflation numbers. The USD/JPY weekly forecast leans South due to an increased likelihood of more rate hikes in Japan and cuts in the US. Ups and downs of USD/JPY The USD/JPY...
Japan announced a new prime minister on Friday after a tight race. Japan’s new prime minister, Ishiba, supports the current monetary policy moves. US inflation rose by 0.1%, which is smaller than the forecast of 0.2%. The USD/JPY price analysis supports further downside as the yen rallies after Japan’s former defense minister, Shigeru Ishiba, won...
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