BoJ May Refrain from Rate Hike. Forecast as of 07.10.2024

If the BoJ does not raise rates until the end of 2024, the yen will once again be used as a funding currency in carry trade transactions. With an elevated global risk appetite, the USDJPY pair's trend may reverse. Let's discuss this topic and make a trading plan.Highlights and key points The Japanese government believes that the national economy is not ready for a rate hike. The yen returns to the carry trade as a funding currency. Strong US macro statistics strengthen the US dollar. Long trades