The Japanese yen is poised for a medium-term breakout against the US dollar as macro factors and momentum align with the BoJ’s gradual policy normalization. The Q3 Tankan survey showed further improvement, while narrowing US-Japan yield spreads and a weakening US Treasury premium add pressure on USD/JPY. A break below 146.30 could trigger a bearish impulse, shifting the pair into a multi-week downtrend.
02-10-2025 05:14 GMT
by Kelvin Wong