USDJPY/Yens Direction Into Dec-Jan (Pre GDP)
Recent sentiment around Yens have consisted of increased bets on a return to rate hikes within Japan and unwinding on the longer term move (weakness in Yen pairs overall, JPY strength).
This, really is the widely expected consensus as the global economy evolves.
A lessening of rates in all other major economies and a hiking cycle within Japan would likely lead to a longer term increase in the value of the Yen as investors park money (Barring any other risk scenario that would provide safe haven inflows.
When referring directly to the USD, largely direction can be altered by the FED and easing cycle being undertaken.
Awaiting further sentiment, but holding a slight short bias.
This, really is the widely expected consensus as the global economy evolves.
A lessening of rates in all other major economies and a hiking cycle within Japan would likely lead to a longer term increase in the value of the Yen as investors park money (Barring any other risk scenario that would provide safe haven inflows.
When referring directly to the USD, largely direction can be altered by the FED and easing cycle being undertaken.
Awaiting further sentiment, but holding a slight short bias.
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