14 Tháng mười một 2023, USD/JPY
USDJPY trading plan:
The battered yen was stuck near a three-decade low against the dollar, struggling to find a floor as the Bank of Japan's ultra-easy monetary policy settings remained at odds with the prospect of higher-for-longer rates elsewhere. Japanese authorities in September last year intervened in the currency market to boost the yen for the first time since 1998, after a BOJ decision to maintain its ultra-loose monetary policy drove the yen as low as 145 per dollar. It intervened again in October 2022 after the yen plunged to a 32-year low of 151.94. Despite the BOJ's carefully orchestrated steps this year to phase out its controversial yield curve control policy and hints of an imminent end to negative interest rates, the piecemeal moves have done little to sustain a rally in the yen, particularly as central banks globally maintain their hawkish rhetoric of higher-for-longer rates.
Investment idea: buy 151.40 and take profit 151.92.