Yen May Post Notable Gain. Forecast as of 19.08.2024

In light of the robust economic performance and rising inflation, the BoJ's monetary tightening cycle should be maintained. While this is positive for the Japanese yen, there are some negative aspects to consider. In particular, the current political uncertainty is a significant factor. Let's discuss these issues and make a trading plan for the USDJPY pair.Highlights and key points The appointment of a new prime minister may extend the BoJ's wait-and-see approach. Accelerating GDP and inflation