DailyFX’s James Stanley says the 2022-2024 sell-offs were driven by shifting fundamentals, as easing US inflation raised the odds of fewer rate hikes and more cuts. He says USD/JPY has lagged that shift; a weekly close below 155 would reinforce the bearish case.
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DailyFX’s James Stanley says the 2022-2024 sell-offs were driven by shifting fundamentals, as easing US inflation raised the odds of fewer rate hikes and more cuts. He says USD/JPY has lagged that shift; a weekly close below 155 would reinforce the bearish cas
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