Next Tuesday, the Bank of Japan will make a decision on interest rates, which could be a significant turning point for the yen. After holding interest rates at negative levels for nearly eight years, there is an expectation that rates will be normalized to zero. This decision has implications for the correlation between the USD/JPY and bond yields in the United States. Traders should be prepared for high volatility and potential changes in the monetary policy of the Bank of Japan.
The interest decision can be a piovotal moment for yen and its pairs.
LIVE EDUCATION SESSIONS
This WEEK (18-22 March 2024 ) I am pleased to invite you to several online sessions. Below is the schedule of meetings:
Links: BASIC (beginners room) ADVANCED ROOM
The above analysis is based on the PA+MACD strategy, a detailed description of which you can read HERE . I will talk more about the PA+MACD strategy applied to these currency pairs during the live trading sessions, which you can attend from Monday to Friday.
More current analysis on the group : Trade with Dargo
