Yen Soars on Differing Fed-BoJ Policy Outlooks. Forecast as of 02.09.2024

The BoJ claims that the USDJPY's collapse is rooted in the events in North America. In fact, the pair is showing increased sensitivity to the Fed's monetary policy and changes in US Treasury yield. Let's discuss this topic and make a trading plan.Highlights and key points Sharp fluctuations in the yen exchange rate harm the Japanese economy. Slow BoJ normalization makes the USDJPY dependent on events in the US. The release of US labor market data will determine the yen's future. As long as USDJP