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USD/JPY Price Analysis: BoJ Unchanged Despite Rising Inflation

Started by forex4you, Oct 30, 2022, 07:47 am

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Oct 30, 2022, 07:47 am
USD/JPY Price Analysis: BoJ Unchanged Despite Rising Inflation

The BoJ maintained its dovish stance by not raising rates despite market pressures. The BoJ increased its core inflation forecast for the current fiscal year to 2.9% from 2.3%. Core inflation in Tokyo hit a 33-year high of 3.4%. Today’s USD/JPY price analysis is bearish as Japan fights to support the yen. However, this might … Continued


The post USD/JPY Price Analysis: BoJ Unchanged Despite Rising Inflation appeared first on Forex Crunch.


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