USD/JPY: forecast for July 17-21

The Bank of Japan’s policymakers have repeatedly said that they will not reduce the radical stimulus program until inflation levels move higher. With other central banks slowly admitting the need of less stimulus, the Bank of Japan is starting to stand out. Such divergence normally leads to the yen’s depreciation and increased demand for the high-yielding dollar.

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FOMC Meeting, Gold Plunge, and Pound Decrease | Market News
FOMC Meeting, Gold Plunge, and Pound Decrease | Market News

Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.

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