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: 16.04.2026 Expectation: 15000 pips
Buying ETHUSD on correction with $2,325 in sight amid temporary geopolitical fog
Today at 08:11 AM 5
Period: 31.05.2026 Expectation: 1500 pips
Buying EURUSD from 1.1640 support
Today at 05:32 AM 11
Brent sell
Period: 30.06.2026 Expectation: 1300 pips
Brent crude sell-off targets $84
Today at 05:32 AM 11
Period: 31.05.2026 Expectation: 1100 pips
Selling natural gas down to $2.65
Yesterday at 11:12 AM 20
Period: 31.05.2026 Expectation: 2500 pips
Investing in USDCAD as Middle East ceasefire holds
Yesterday at 10:55 AM 20
Period: 15.04.2026 Expectation: 1650 pips
EURUSD strengthens on eased geopolitical tensions and increased risk appetite
Yesterday at 10:23 AM 14
Go to forecasts