BoJ performs its magic trick again. Forecast as of 06.05.2024

Hardly anyone believed that BoJ would repeat its magic trick of 2022. The US dollar was too strong, and the US Treasury yield was too high. However, as it turned out, the BoJ's timing was perfect. Let's discuss the Forex outlook and make up a trading plan for USDJPY.Weekly fundamental forecast for Japanese yenMy hat is off to the Bank of Japan. Not only did it dare to intervene in Forex, risking being blacklisted by the US as a currency manipulator, but it also chose a very appropriate time