The USDJPY trend looks so strong that investors do not think about its reversal. However, there have been many cases when a strong trend has changed dramatically. Let us discuss the Forex outlook and make up a trading plan.
Monthly yen fundamental forecast
A week ago, traders did not know what could save the yen. The USDJPY pair grew rapidly and reached a 20-year high. No one was surprised by Bank of America's forecast of ¥140 per dollar, followed by the Japanese government's $100 billion foreign exchange intervention. However, the JPY fate is not as simple as it might seem. This is confirmed by the… Read full author’s opinion and review in blog of #LiteFinance