Forex Analysis by Investing.com (Damian Nowiszewski) covering: USD/JPY, US Dollar Index Futures. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Eyes are on the Fed for a possible hawkish surprise, possibly strengthening the US dollar and weakening the yen further.
Looking ahead for this week, key events include US labor market data and the Federal Reserve meeting. While a change in interest rates is unlikely, a clear hawkish stance from the Fed could further strengthen the USD/JPY pair.The recent yen weakness stems primarily from the market's renewed expectations that the BOJ will remain dovish and refrain from further monetary tightening.
While the sharp decline suggests potential Central Bank intervention in the forex market, no official confirmation exists. However, if the BOJ's stance widens the disparity between Japanese and US monetary policy, it will likely push the USD/JPY pair back above 160 yen in the long run.Search for the best stocks based on your expectations, taking into account hundreds of financial metrics.not to mention those we plan to add in the near future.The author does not own any of these shares. This content, which is prepared for purely educational purposes, cannot be considered as investment advice.
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