Yen Breaks Bullish Trend Against Greenback. Forecast as of 19.07.2024

The Bank of Japan's currency interventions yielded positive outcomes. In light of the recent slowdown in the US labor market and rising inflation, it is likely that the USDJPY uptrend will soon come to an end. Let's discuss this topic and make a trading plan.Highlights and key points The total volume of BoJ currency interventions in July is estimated at $35.5 billion. The interventions proved to be effective against a slowdown in the US economy. The Fed will cut rates, and the differential with