Yen stable after BOJ decided to end negative interest rate on 19 MAR 2024. However BOJ interest rate just remove negative rate and keep rate constant at 0%.
The question is, Would market rather invest dollar that offer interest rate earning at 4.75%(after deducting 0.75% since FED announced would be have 3 rate cuts in 2024) or low interest rate earning offer by BOJ?
Resistance- 151.971
Support- 150.885, 149.211
The question is, Would market rather invest dollar that offer interest rate earning at 4.75%(after deducting 0.75% since FED announced would be have 3 rate cuts in 2024) or low interest rate earning offer by BOJ?
Resistance- 151.971
Support- 150.885, 149.211
I drew chart to make a living!
