Yen Does Not Know What It Wants. Forecast as of 21.10.2024

A decline in the yen's rate accelerates inflation, but a rate rise harms Japanese exports. Where is the golden mean? Let’s discuss it and make a trading plan for USDJPY.Highlights and key points Slowing inflation in Japan complicates BoJ's task. Government pressure on the central bank risks increasing. Tokyo does not need wide fluctuations in USDJPY. The pair will depend on how successfully 150.7-151 and 152.2 levels are tested.Weekly fundamental forecast for yenPrime Minister Shigeru Ishi