GoldenOctober2024
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Gold Ten data June 14th news, analyst Ven Ram pointed out that foreign exchange traders are disappointed that the Bank of Japan has not indicated how it will reduce bond purchases, which will put the yen at a disadvantage. Considering the weakness of the yen over the years and the extent to which it is affected by interest rate differentials, the Bank of Japan cannot give orders. Therefore, disappointing the market means that the yen must pay the price of continued weakness. As long as the US economy remains strong, the yield differential adjusted for inflation will expose the yen to risks. Some people had expected the Bank of Japan to draw a bottom line for the yen's weakness by proposing a plan to reduce bond purchases, so they feel that the fate of the yen has been postponed again.

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