Japan bonds seen especially vulnerable | 23 ديسمبر 2022
23 ديسمبر 2022, USD/JPY
USDJPY trading plan:
The BOJ opened the door, obviously, for further unwinding of its super-loose policies. Concerns are also growing that Japanese investors could be persuaded to bring home some of the trillions of dollars they have stashed in foreign stocks and bonds as the yen and local bond yields rise in the wake of this week’s sudden hawkish move from the Bank of Japan. That could further lift global borrowing costs and drag on already cooling economic growth. But it is seen, by some, as a signal of the path toward unwinding, so the reaction of markets is instructive.
Investment idea: range 132.15 - 133.15.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
