Yen May Benefit from Market Situation. Forecast as of 01.07.2024

A weak US jobs report for June could be the perfect backdrop for the government and BoJ to intervene in the Forex market. Which level will trigger action? Let's discuss these topics and make a trading plan for USDJPY.Weekly fundamental forecast for Japanese yenAccording to Mizuho Bank and Sumitomo Mitsui DS Asset Management, USDJPY bulls claim that the previous currency interventions were unsuccessful, predicting the pair to climb to 170. On the contrary, Macquarie Group expects the US dollar to