Did the Bank of Japan just tip its hand to Yen short-sellers?
Last week's surprise rate hike from the BoJ sent shockwaves through the USD/JPY pair and broader markets. However, recent comments from the BoJ indicate that they may hold off on further rate hikes until the market stabilizes. The BoJ is also counting on a soft landing for the US economy—a scenario now seemingly less likely. This might pave the way for a bounce in USD/JPY, which remains long-term bullish above 140.18.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.