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2023-08-18

No more depreciation, Yen sets to rebound

Focus on AUD/JPY. Fundamentally speaking, Japan’s inflation has not declined, which increases the probability of the Bank of Japan’s future tightening policy. After a long-term depreciation, the yen has space for a short-term rebound. AUD/JPY has less room for arbitrage than USD/JPY. With strong USD, please watch out for AUD/JPY bear. Technically speaking, the AUD/JPY daily stochastic oscillator shows a

No more depreciation, Yen sets to rebound

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