Strifor || USDJPY-09/14/2023
Preferred direction: Neutral
Comment: The Japanese yen is starting to gradually move into the top topics against the backdrop of recent statements from the Bank of Japan, a change in the head of the central bank, and, in general, a likely change in policy from soft to more hawkish. The fall may very well be approximately from the current levels, but most likely it is better to wait for a false breakout of the level of 147.816 (this is option No. 1), and after that go short. Also, option No. 2 is not excluded, in which the price will reach the level of 150.
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Comment: The Japanese yen is starting to gradually move into the top topics against the backdrop of recent statements from the Bank of Japan, a change in the head of the central bank, and, in general, a likely change in policy from soft to more hawkish. The fall may very well be approximately from the current levels, but most likely it is better to wait for a false breakout of the level of 147.816 (this is option No. 1), and after that go short. Also, option No. 2 is not excluded, in which the price will reach the level of 150.
Thank you for like and share your views!
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