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Wednesday, March 29, 2023

Technical: Japanese yen analysis: USD/JPY breaks out despite bearish seasonality

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Alert Alert Mar 29, 2023, 11:09pm
 
Technical: Japanese yen analysis: USD/JPY breaks out despite bearish seasonality
From a bigger picture perspective, it's not hard to see why the yen might be struggling in the current environment. After all, outside of the BOJ, every other major central bank has raised interest rates aggressively over the last year, and even the new head of the BOJ, Kazuo Ueda, shows no signs of changing that any time soon. Likewise, the Japanese ...
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