14 October 2022 | Other

Currency traders expect a short-term rise in strength and a long-term weakness of yen

The minimum interest rate policy keeps Japan's currency falling, but Bank of Japan executive Haruhiko Kuroda is not about to change it. Current cost inflation is unstable, so Kuroda repeated his promise to support the economy. In addition, price growth is expected to fall further below target next year.

According to him, considering the most appropriate monetary policy and interest rates for the economy and inflation, there is no need to increase the rate, it is not appropriate.

This is an indicator that a reversal of the yen's downtrend to the dollar is not expected, even if any movement slows down, resulting from the risk of further intervention.

Company MarketCheese
Period: 07.10.2026 Expectation: 900 pips
Buy NVIDIA up to $236
Today at 11:07 AM 15
Period: 01.11.2026 Expectation: 3500 pips
Invest in USDCAD with 1.45500 in sight
Today at 09:54 AM 14
Period: 29.10.2026 Expectation: 3100 pips
BTCUSD sell-off targets $80,000
Yesterday at 10:12 AM 24
Period: 31.10.2026 Expectation: 600 pips
Selling EURUSD on Fed’s harsh rhetoric
Yesterday at 09:58 AM 18
Period: 31.12.2026 Expectation: 10000 pips
Buy silver from support levels
Yesterday at 09:58 AM 18
Period: 29.10.2026 Expectation: 1500 pips
Go short on AUDUSD ahead of RBA meeting
Yesterday at 08:17 AM 23
Go to forecasts