USDJPY Goes Into Nosedive. Forecast as of 09.09.2024

The decline in US Treasury bond yields on the back of a slowdown in US employment was the primary driver behind the USDJPY pair's nosedive. However, this is not the only positive development for the yen. Let's discuss this topic and make a trading plan.Highlights and key points The USDJPY is falling due to the decline in US Treasury yields. Capital repatriation to Japan supports the yen. The BoJ may raise rates faster than expected.  The USDJPY will likely continue sliding to at least 139.Q