USD/JPY analysis by the Mallicast team

2 thg 9, 2024

The Mallicast team's price forecast for the USD/JPY currency pair remains bearish in the short term. Given Japan's monetary policies, including maintaining negative interest rates and quantitative easing, the Japanese yen may strengthen against the US dollar. This downward trend could result from market expectations that Japan will not change its expansionary monetary policies, while interest rates in the US remain higher.