Sentiment Extreme on the Yen Could Bode Well for Commodity FX

I take a closer look at the Japanese yen futures market to highlight why I think the Japanese yen has reached an important inflection point. And that could further support the bounce of yen pairs such as AUD/JPY, CAD/JPY and NZD/JPY - alongside USD/JPY should the Fed not be as dovish as many hope.

Matt Simpson, Market Analyst at City index and Forex.com