USDJPY Not a professional but heres my take. Everyone expects BOJ to raise the rates to 5%. Current prices have adjusted to account for that. It will not fall much further. I however think there is a possibility that they delay it until the next BOJ meeting on March 18-19.
Given trumps unpredictability and this meeting being 3 days after he is sworn in. They will want to wait to see what his first few weeks in office is like at least.
As such we should see a price jump at least up to $162 or more in the short term.
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.
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.