Yen scares hedge funds. Forecast as of 11.03.2024

Fed-BoJ monetary divergence is not the only driver of the USDJPY fall. When carry traders exit trades and foreign investors stop hedging currency risks, the yen rises. Let us discuss the Forex outlook and make up a trading plan.Weekly Japanese yen fundamental forecastThe topic of divergence in the monetary policies of the Fed and the Bank of Japan is again relevant on Forex. Jerome Powell's announcement that the Federal funds rate cut is near and rumors that the Board of Governors may begin