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: 27.04.2026 Expectation: 4800 pips
Silver sell-off with $70.0 target
Today at 11:21 AM 9
Period: 20.04.2026 Expectation: 870 pips
EURUSD enters corrective phase thanks to stronger dollar
Today at 10:14 AM 12
Period: 27.04.2026 Expectation: 170 pips
Selling SPX on US-Iran talks breakdown
Today at 09:47 AM 12
Period: 30.04.2026 Expectation: 1300 pips
Selling ​​SPX down to $6,630
Today at 06:42 AM 11
Period: 30.04.2026 Expectation: 1000 pips
Investing in EURUSD as eurozone inflation heats up
Today at 06:42 AM 12
Gold buy
Period: 20.04.2026 Expectation: 17000 pips
Gold offsets morning losses amid failed US-Iran negotiations
Today at 06:31 AM 19
Go to forecasts