USDJPY seems reaching its peak. Time for Yen to shine?
Last month, the US unemployment rate rose to 4.1%. High current interest rates may assist in controlling inflation. However, if rates persist at 5.5% for an extended period, businesses may lack the funds needed to hire more employees, thereby failing to improve domestic employment rates. Consequently, the current high interest rates are unlikely to endure for long. Once the Fed decides to lower rates, a significant short in the US dollar is anticipated, benefiting other non-US dollar asset classes.
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