Bullish USD view on back of USDJPY policy divergence
Hawkish policy stance maintained by Fed and Dovish policy by BOJ has led to yield gap widening & making carry trades attractive for this pair. Modest cuts priced in by Fed will not take away this yield differential and USD would continue bullish run until US elections. Pair could test 165 mark based on the technical indicator
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.