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USD/JPY. Analysis and Forecast
The Japanese yen is struggling to
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The Japanese yen is struggling to capitalize on its modest intraday gains against a broadly weaker US dollar.Investors remain concerned about Japan's fiscal sustainability amid expansionary fiscal initiatives by Prime Minister Sanae Takaichi. Moreover, political instability ahead of the snap election on February 8 discourages traders from taking aggressive bullish positions on the yen. At the same time, market participants remain cautious due to the risk of coordinated intervention by Japan and the United States to stabilize the yen. This,
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Irina Yanina,
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