I’ll also add , BOJ will stop YCC and that isn’t the “forever” policy by them, that coupled with the slowdown in rate hikes in other countries as we head into 2H of the year and 2024 as things start to slow and lag effects start to hit, then we start to see the carry trade unwind. But in terms of the trade right now, 145 is a previous in…
I’ll also add , BOJ will stop YCC and that isn’t the “forever” policy by them, that coupled with the slowdown in rate hikes in other countries as we head into 2H of the year and 2024 as things start to slow and lag effects start to hit, then we start to see the carry trade unwind. But in terms of the trade right now, 145 is a previous intervention level as mentioned and they intervened quite a bit last October before the Yen finally caught a bid and Usdjpy started going down from 150 all the way down to 127.88 in December if 2023 so quite a swift move.
I’ll also add , BOJ will stop YCC and that isn’t the “forever” policy by them, that coupled with the slowdown in rate hikes in other countries as we head into 2H of the year and 2024 as things start to slow and lag effects start to hit, then we start to see the carry trade unwind. But in terms of the trade right now, 145 is a previous intervention level as mentioned and they intervened quite a bit last October before the Yen finally caught a bid and Usdjpy started going down from 150 all the way down to 127.88 in December if 2023 so quite a swift move.