BOJ Blinks, Carry Thrives: Alpha Binwani Forecasts Dollar-Yen Surge to ¥170

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‼️ 💴 The yen gave up more of its intervention-driven gains after the Bank of Japan left interest rates unchanged, with traders turning their attention to whether Governor Kazuo Ueda can offer support for the currency

Alpha Binwani Capital: “The BOJ is avoiding raising rates. The carry trade is undeterred. As long as the BOJ avoids aggressive hikes, the carry trade continues to provide liquidity to global risk assets. We still see dollar-yen climbing to ¥170”