Yen Drifts Lower After Hitting Psychological Mark. Forecast as of 24.03.2025

The Bank of Japan's distinct approach to monetary policy compared to that of other central banks has boosted the yen in the Forex market. However, when the BoJ slows its policy, carry traders enter the market, causing the USDJPY rate to surge. Let's discuss this topic and make a trading plan.Major Takeaways The Bank of Japan kept the overnight rate unchanged at 0.5%. Uncertainty surrounding the US trade policy was the reason for the pause. The yield spread is a negative factor for the Japanese c