Japanese Yen Forecast: Are the USD/JPY & AUD/JPY Rallies Overcooked?

//Japanese Yen Forecast: Are the USD/JPY & AUD/JPY Rallies Overcooked?

The Japanese Yen has faltered against the US Dollar in recent weeks, even as the Fed has expanded its balance sheet, flushing more Dollars into the economy. Despite the seemingly bearish headwind for the Greenback, a period of subdued volatility and robust risk appetite has helped to lift USD/JPY to its highest level since May 2019. In turn, the pair has broken a descending trendline dating to October 2018, a development that could allow for an extension higher – or an early area of support if risk aversion should emerge. That being said, the week ahead possesses the potential to spark such an emergence. Among a … (full story)

2020-01-16T12:10:00+00:00