EURJPY: Entry for seller!

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Fundamental Overview

The market is increasingly betting on a weaker USD/JPY. This prediction is based on two main factors - the likelihood of a significant reduction in Fed interest rates and concerns regarding the stability of the US financial system. Additionally, there is the unpredictability of a potential change in BoJ policy, which could significantly impact the value of the yen. We anticipate that at the upcoming BoJ meeting on June 16th, the yield curve target may be shortened from 10-year to 5-year JGB yields, resulting in a significant increase in 10-year JGB yields and a corresponding strengthening of the yen.
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Beyond Technical AnalysisEURJPYeurjpyanalysiseurjpyforecasteurjpylongeurjpypredictioneurjpyselleurjpyshorteurjpysignaleurjpytradeTechnical IndicatorsTrend Analysis

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