Japan mobilised hundreds of billions of USD in its currency reserves in 2020 to defend the Bank of Japan’s (BoJ) unmoved monetary policy and the JPY itself as the BoJ refused to hike the policy rate from -0.1 percent or to lift the yield cap on 10-year Japanese government bonds at 0.25 percent. As 2022 rolls into 2023, the pressure on the JPY and the Japanese financial system mounts again on the global liquidity crisis set in motion by the vicious Fed policy tightening and higher US treasury yields.
Your long idea is compelling. The way you've covered all the factors is impressive.
khaledriad89
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u think 145 is coming idont know selling now or waiting ?
Alert_Me
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@khaledriad89, A slight retracement is probable, it is especially necessary to follow the news for this pair. Since the 179 I scalp long, I gained a lot in %.