USDJPY heavily overbought

30 באוק׳ 2023

USDJPY is overbought and the BOJ intervention was necessary to keep the YEN in check as the country grapples with high inflation. 150 has held its ground as a resistance price as expected. And it coincided with their decision to change yield curve control measures.
We might be seeing the end of -ve interest rates in Japan by next year.