External broker reports(aggregated public sources), Mizuho

Mizuho

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External broker reports(aggregated public sources)

FX & Rates

<ul><li>USD/JPY continued to rise in April, posting its highest in 34 years.</li><li>The Bank of Japan (BOJ) had been expected to respond to JPY weakness, but it avoided battling forex rates and persisted with the status quo.</li><li>I view this as a respectable stance, but the markets responded with stronger JPY selling. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

USD/JPY continued to rise in April, posting its highest in 34 years.The Bank of Japan (BOJ) had been expected to respond to JPY weakness, but it avoided battling forex rates and persisted with the status quo.I view this as a respectable stance, but the markets responded with stronger JPY selling. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JPY

Forex Medium-Term Outlook(May, 2024)