The vibe of a revival of the “hidden depreciation”?!
Since last weekFOMC(Federal Open Market Committee), expectations for a 0.50% rate cut have strengthened,9/16the long-term interest rate continued to fall,and the dollar/yen fell to around the mid-139s briefly,139yen level in the mid-139s,,but on the same daythe September New York Fed manufacturing index9surpassed market expectations by a large margin,9/17and the dollar/yen began to rise,early morningto around 141yen,recovered to the 141 level.7Month onwards, with a reversal in the trend led by yen buying,the dollar weakenedThere are signs of a change in the trend. This article explains the future direction of the USD/JPY pair.
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