Bank of Japan is not able to defend the Yen

FX:USDJPY   U.S. Dollar / Japanese Yen
The second week of April will go down as a pivotal time in the history of financial markets. Specifically, the moment when the market realized that the Federal Reserve might end up hiking instead of cutting.

Dont let it fool you, the BoJ is not capable of defending the yen now. Next stop is at 162+

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