USD/JPY: forecast for Sep. 25-29

Last week USD/JPY managed to recover to 112.70. Sharp divergence between the US and Japanese monetary policy gave the pair reasons for growth. The US Federal Reserve signaled that it was still on track to raise interest rates by the end of the year, while the Bank of Japan maintained its extremely loose policy. In addition, there are expectations that Japanese Prime Minister Shinzo Abe will call a snap election next month to strengthen his power base. As his policies weaken the yen, this has a positive impact on USD/JPY.


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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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