Yen strengthens as Russia rejects Ukraine peace planThe USD/JPY pair is experiencing notable movements, with the yen strengthening against the dollar at 156.72. This yen appreciation is driven by its status as a safe-haven currency amid growing geopolitical tensions and potential instability in Eastern Europe, following Russia's rejection of Trump's Ukraine peace plan. While the robust US dollar, supported by rising Treasury yields, applies external pressure, the yen's appeal is bolstered by the Bank of Japan's (BOJ) recent considerations for a possible rate hike. As the BOJ continues to assess economic data, including wage growth and clarity on future US policies, the potential for such hikes further supports the yen's strength. Traders should monitor BOJ policy announcements and global geopolitical developments, as the yen's safe-haven status might attract more interest, balancing external pressures from US economic factors.
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USD/JPY price action: breakout rally after hawkish FedThe USD/JPY pair has surged over 2% to reach 157.51, marking the yen's weakest level in four months. This significant rally follows recent interest rate decisions by the Federal Reserve and the Bank of Japan. Despite the Fed's 25bps rate cut, the US dollar has gained strength due to the market's anticipation of only two rate cuts in 2025, contrasting with earlier expectations of four. This decision maintains the interest rate differential between the US and Japan, benefiting carry trade strategies. Meanwhile, the BoJ has kept its short-term rate steady at 0.25%, its highest since 2008, with potential rate hikes forecasted if economic conditions align. The US's optimistic economic projections, with rising GDP, inflation, and job growth, further bolster the dollar's appeal. As global economic uncertainties and political changes unfold, traders should monitor central bank signals to navigate the USD/JPY's trajectory and carry trade opportunities.
USD/JPY carry trade explainedCurrently, the USD/JPY pair is trading around 154.26, influenced by upcoming policy decisions from the US Federal Reserve and the Bank of Japan (BoJ). The US Fed's anticipated 25bps rate cut could potentially narrow the interest rate gap, affecting the carry trade's immediate appeal. However, the strong performance of the US economy, with robust job growth and rising inflation, might sustain the dollar's strength, keeping the carry trade attractive. Meanwhile, the BoJ's steady interest rate at 0.25% and potential for future hikes offer a contrasting backdrop, maintaining the yen's role as a low-interest currency. Global economic uncertainties and political changes in both the US and Japan could impact these dynamics, so traders should monitor central bank signals and economic data closely to navigate potential shifts in the carry trade's profitability.
Fundamental Market Analysis for December 13, 2024 USDJPYFading hopes of a Bank of Japan rate hike in December are putting the JPY bulls on the defensive. Higher U.S. bond yields are supporting the dollar and putting pressure on the low-yielding yen.
The Japanese yen (JPY) continues to defend against its U.S. counterpart, lifting the USD/JPY pair closer to 153.000 or a new monthly peak during the Asian session on Friday. Recent media reports suggest that the Bank of Japan (BoJ) will not raise interest rates at its upcoming meeting next week, which in turn continues to undermine the Yen. In addition, expectations that the Federal Reserve (Fed) will be less dovish continue to support rising US Treasury yields and put further pressure on the low-yielding yen.
Meanwhile, the Bank of Japan's quarterly Tankan survey released today showed that business confidence of Japan's major manufacturers improved slightly in the fourth quarter of 2024. This fits well with the central bank's plans to gradually raise interest rates and could deter yen bears from aggressive bets. In addition, lingering geopolitical risks and concerns over US President-elect Donald Trump's tariff plans should help limit losses for the safe-haven yen ahead of next week's key central bank events - the Fed and Bank of Japan meetings.
Trading recommendation: Watch the level of 153.000, trading mainly with Buy orders.
Fundamental Market Analysis for December 10, 2024 USDJPYDoubts about the Bank of Japan's ability to keep raising rates proved to be a key factor undermining the yen.
The Japanese yen (JPY) lost ground against its U.S. counterpart for the second straight day on Tuesday and lifted the USD/JPY pair to a one-week high, above the mid 151.000s during Tuesday's Asian session. Uncertainty over how soon the Bank of Japan (BoJ) may raise interest rates again has JPY bulls on the defensive. In addition, the overnight rebound in US Treasury yields from October lows undermines the low-yielding Yen. Furthermore, the US Dollar's post-NFP rebound from near one-month lows, backed by expectations of a less accommodative stance from the Federal Reserve (Fed), acts as a tailwind for the currency pair.
That said, the softer tone of risk sentiment, concerns that US President-elect Donald Trump's tariff plans could trigger a second wave of global trade wars, and geopolitical tensions help limit deeper losses for the safe-haven yen. Traders may also refrain from aggressive bullish bets on the USD/JPY pair and prefer to wait for the release of the latest US consumer inflation data due on Wednesday. The all-important Consumer Price Index (CPI) report will be seen as a fresh signal that the Fed is going to cut rates. This, in turn, will stimulate demand for the dollar and provide meaningful momentum to the currency pair ahead of the central bank's key events next week.
Trading recommendation: Trade mainly with Buy orders from the current price level.
Fundamental Market Analysis for November 27, 2024 USDJPYThe Japanese Yen (JPY) continues to attract some safe haven flows amid tariff threats from US President-elect Donald Trump. In addition, the recent pullback in US Treasury yields following the appointment of Scott Bessent as US Treasury Secretary and expectations that he will rein in the budget deficit provides further support for the low-yielding JPY. This, along with weak US Dollar (USD) price action, led the USD/JPY pair to fall to a near three-week low around 152.700-152.650 during Wednesday's Asian session.
Nevertheless, uncertainty surrounding the Bank of Japan's (BoJ) next interest rate hike in December may deter traders from aggressively bullish bets on JPY. Meanwhile, easing geopolitical tensions amid a ceasefire agreement between Israel and Hezbollah may help limit the safe-haven JPY's gains. On the other hand, the US Dollar is likely to receive support from bets on slower interest rate cuts by the Federal Reserve (Fed), which could provide some support to the USD/JPY pair ahead of key US macroeconomic data released later today.
Trading recommendation: Trade predominantly with Sell orders from the current price level.
Fundamental Market Analysis for November 15, 2024 USDJPYThe Japanese Yen (JPY) extended its losing streak against the US Dollar (USD) for the fifth consecutive session following the release of Japan's Q3 Gross Domestic Product (GDP) data on Friday. The USD/JPY pair's upside potential is supported by a strong US Dollar (USD). Traders are also preparing for the release of US retail sales data for October, due later on Friday.
Japan's preliminary gross domestic product (GDP) data for the third quarter rose 0.2% quarter-on-quarter, up from 0.5% in the previous quarter, matching market expectations. On an annualized basis, the country's GDP growth in the third quarter was 0.9%, beating the market consensus forecast of 0.7%, but showing a sharp slowdown from the 2.2% growth recorded in the second quarter.
Japan's Finance Minister Katsunobu Kato said on Friday that he will take appropriate measures against excessive currency fluctuations. Kato emphasized the importance of stable exchange rate movements reflecting economic fundamentals and expressed concern about unilateral sharp fluctuations in the market.
Meanwhile, Japan's Economy Minister Ryosei Akazawa said he expects the moderate economic recovery to continue, fueled by rising employment and wages. However, Akazawa also emphasized the need to keep a close eye on potential downside risks to the global economy and volatility in financial and capital markets.
Trading recommendation: Trade predominantly with Buy orders from the current price level.
Fundamental Market Analysis for November 12, 2024 USDJPYThe Japanese Yen (JPY) managed to strengthen slightly against its US counterpart in Tuesday's Asian session, but looks like it could weaken further. Japan's fragile minority government is expected to make it difficult for the Bank of Japan (BoJ) to tighten monetary policy. Moreover, the BoJ's summary of opinions from its October meeting showed that policymakers were divided on whether to raise interest rates again. This, along with fears of President-elect Donald Trump's tariffs returning, is putting pressure on the Japanese yen.
Trump's policies and corporate tax cuts should put upward pressure on inflation, which could limit the Federal Reserve's (Fed) ability to ease policy. This, in turn, supports rising US Treasury yields and confirms a negative outlook for the low-yielding JPY in the near term. The US Dollar (USD), on the other hand, maintains the positive trend that followed Trump's victory in the US presidential election and suggests that the path of least resistance for the USD/JPY pair remains to the upside.
Trading recommendation: Trade predominantly with Buy orders from the current price level.
Fundamental Market Analysis for November 1, 2024 USDJPYThe Japanese yen (JPY) retreated from its recent gains following the release of the manufacturing purchasing managers' index (PMI) from Jibun Bank and S&P Global on Friday. However, the USD/JPY pair declined as the yen strengthened following comments from Bank of Japan (BoJ) Governor Kazuo Ueda on Thursday that increased the likelihood of a rate hike in December.
Jibun Bank's headline PMI for Japan's manufacturing sector came in at 49.2 in October, down from 49.7 in September. This composite single-digit reading indicates that Japan's manufacturing output continued to contract at the start of the fourth quarter of 2024, with the pace of decline in output and new order inflows more pronounced.
Japan's Chief Cabinet Secretary Yoshimasa Hayashi said on Friday that he expects the Bank of Japan to work closely with the government to implement appropriate monetary policy to achieve the price target in a sustainable and stable manner.
Traders await the release of the U.S. non-farm payrolls (NFP) report on Friday. The U.S. economy is expected to add 113,000 jobs in October, while the unemployment rate is expected to remain unchanged at 4.1%.
Trading recommendation: Trade predominantly with Buy orders from the current price level.
Fundamental Market Analysis for October 29, 2024 USDJPYThe Dollar-Yen pair is losing ground to the 152.950 level during the early Asian session on Tuesday. The pair is declining as the U.S. dollar (USD) retreats from the nearly three-month high reached in the previous session. However, the pair's decline may be limited amid uncertainty surrounding the composition of the next government and the Bank of Japan's (BoJ) rate hike plan.
The loss of Japan's ruling coalition in the elections increases political and monetary policy uncertainty and could put pressure on the Japanese yen (JPY). “The ruling LDP and its coalition partner lost their majority in the lower house of parliament, raising concerns about the shape and direction of the next government's policies. Markets have also slightly reduced expectations of Bank of Japan policy tightening (which has helped local equities),” said Scotiabank chief currency strategist Sean Osborne.
The Bank of Japan's interest rate decision will take center stage on Thursday. Nearly 86% of economists polled by Reuters expect Japan's central bank to leave rates unchanged at its October meeting on Thursday.
On Tuesday, Japan's Statistics Bureau released data that the country's unemployment rate fell to 2.4% in September, down from the previous reading and the market consensus forecast of 2.5%
Trading recommendation: Trade predominantly with Buy orders from the current price level.
USDJPY - 4H Sell SetupFX:USDJPY is displaying a clear technical setup for a bearish move. After a significant pullback following a sharp fall, the pair failed to surpass the resistance zone around 149. This area has proven strong as the price action was unable to hold above it, trapping liquidity just above the resistance. The price then rejected this zone with a sharp reversal. Additionally, the second attempt to break through the resistance further confirms the weakness, as liquidity hunting above the resistance has been met with selling pressure. This rejection, combined with the failed breakout, suggests the pair is likely to fall towards the lower targeted support zone, potentially setting up a strong shorting opportunity in the near term.
This aligns with fundamental factors, including expectations of slower rate cuts by the Federal Reserve. Meanwhile, Japan faces a cautious stance on raising interest rates, which has kept the yen under pressure. However, recent economic data from Japan, such as rising producer prices and decreased lending activity, suggests a shift may be underway, supporting further yen strength and a potential fall in USDJPY.
Traders should watch for a continuation of this move, as the failed attempts to breach resistance and the liquidity grab signal further downside pressure.
Fundamental Market Analysis for October 14, 2024 USDJPYThe USD/JPY pair is unable to capitalize on a modest rise in the Asian session or find support above 149.000 and is pulling back a few pips from the highest level since August 16 reached on Monday. Prices are dipping below 148.500, or a fresh daily low in the last hour, and for the moment appear to have broken the dollar's three-day winning streak, although the fundamental backdrop warrants caution from bearish traders.
Japan's Deputy Finance Minister for International Affairs Atsushi Mimura said that the government will keep an eye on currency movements, including speculative moves, fueling speculation of possible intervention. This, in turn, provides some support for the Japanese Yen (JPY) and attracts sellers to the USD/JPY pair. Meanwhile, the decreasing chances of another interest rate hike by the Bank of Japan (BoJ) in 2024 and a more aggressive easing policy from the Federal Reserve (Fed) should continue to serve as a tailwind for the currency pair.
Japan's new Prime Minister Shigeru Ishiba stunned markets last week by stating that the economy is not ready for further rate hikes. In addition, political uncertainty ahead of the October 27 general election may keep JPY bulls on the sidelines. Meanwhile, good US jobs data for the month released on Friday led investors to further reduce bets on a massive Fed rate cut in November. This helped the US Dollar (USD) maintain its recent strong rise to a seven-week high and should serve as a tailwind for the USD/JPY pair.
This in turn suggests that any subsequent decline could still be seen as a buying opportunity, so it is prudent to wait for strong follow-through selling before confirming that the uptrend from a week ago has exhausted itself. As for further developments, there are no major economic data releases on Monday that could influence the market. Nevertheless, speeches by influential FOMC members may have an impact on the USD later in the North American session. In addition, geopolitical events should give a short-term impetus to the USD/JPY pair.
Trading recommendation: Trade mainly with Buy orders from the current price level.
Fundamental Market Analysis for September 26, 2024 USDJPYThe Japanese Yen (JPY) remains depreciated against the US Dollar (USD) following the release of the minutes from the Bank of Japan's (BoJ) July policy meeting on Thursday. The yen faces challenges as traders expect the BoJ to ponder before further rate hikes.
The minutes of the BoJ's monetary policy meeting expressed a general view among members on the importance of remaining vigilant on the risks of inflation exceeding targets. Several members indicated that raising rates to 0.25 percent would be an appropriate way to adjust the level of monetary support. Some others suggested that a moderate adjustment in monetary support would also be appropriate.
Pressure on the U.S. dollar is being exerted by the increased likelihood of further interest rate cuts by the U.S. Federal Reserve (Fed) at upcoming meetings. According to CME FedWatch Tool, markets estimate the probability that the Fed will cut rates by 75 basis points to a range of 4.0-4.25% by the end of this year at around 50%.
Traders' attention is now focused on the release of final annualized U.S. gross domestic product (GDP) data for the second quarter (Q2), due later in the day. On Friday, inflation data will be released in Tokyo, which could provide further insight into the economic outlook and possible monetary policy moves by the Bank of Japan.
Trading recommendation: Trade predominantly with Sell orders from the current price level.
USDJPY: RSI Above 50 plus 3:1 Gann fan being crossedAfter a downward movement, making the 139.574 low, we got strong bullish candles and weak bearish candles.
Today price crossed 3:1 fan line, crossing above 143.643, the last support since early August.
Today's candle close above an inverted hammer creating a bullish engulfing pattern.
RSI is following the trend and breaking above 50-level.
Fundamental Market Analysis for September 13, 2024 USDJPYThe USD/JPY pair weakened further below the mid 141.000s during the Asian session on Friday and is now back closer to the YTD low reached earlier this week. Moreover, the fundamental backdrop seems to be leaning in favor of bearish traders and supports the prospects of a continuation of the established downtrend seen over the past two months.
The US Dollar (USD) fell to a fresh weekly low amid rising bets for more aggressive Federal Reserve (Fed) policy easing next week, bolstered by the release of a softer-than-expected US Producer Price Index (PPI) on Wednesday. In fact, markets are now pricing in a more than 40% probability that the US central bank will cut borrowing costs by 50 basis points at the end of its September meeting. This keeps US Treasury yields near 2024 lows, which puts pressure on the dollar and leads to a decline in the USD/JPY pair.
The Japanese Yen (JPY), on the other hand, continues to receive support from hawkish signals from the Bank of Japan (BoJ) indicating that it will raise interest rates further if the economic outlook matches forecasts. Moreover, BoJ board member Naoki Tamura said on Thursday that the road to ending soft policy is still very long. This represents a significant divergence from dovish Fed expectations, which in turn encourages further pullback in Japanese Yen (JPY) and contributes to the tone of the USD/JPY pair.
The aforementioned fundamental backdrop indicates that the path of least resistance for spot prices remains to the downside, although traders may prefer to move sideways ahead of a key central bank event that could occur next week. The Fed is due to announce its decision at the end of its two-day meeting next Wednesday. This will be followed by the BOJ's policy update on Friday, which will determine the next leg of directional movement for the USD/JPY pair. Nevertheless, the pair remains on track to end the second week in the negative.
Trading recommendation: Trade predominantly with Sell orders from the current price level.
Fundamental Market Analysis for September 10, 2024 USDJPYThe USD/JPY pair is turning positive for the second consecutive day after declining early in the Asian session to the 142.850 area, although it lacks bullish confidence. Spot prices are currently trading with a slight positive bias just below the mid-143.000s and remain within striking distance of the one-month low reached last Friday.
The Japanese Yen (JPY) continues to be threatened by data released on Monday that showed the economy grew slightly slower in the second quarter than originally reported. This could complicate the Bank of Japan's (BoJ) plan to raise interest rates further in the coming months. In addition, the overall positive sentiment in equity markets is reducing demand for the safe-haven Yen and serving as a tailwind for the USD/JPY pair amid some buying interest from the US Dollar (USD).
Investors may also prefer to stand back and wait for the release of US consumer inflation data on Wednesday before making new directional bets. Thus, strong follow-through buying is needed to confirm that the USD/JPY pair has formed a short-term bottom and is positioned for significant gains amid the lack of meaningful macroeconomic data from the US on Tuesday. That said, speeches by influential FOMC members may provide some impetus later in the US session.
Trading recommendation: Watch the level of 143.000, if consolidated below consider Sell position, if rebounding positions on Buy.
Fundamental Market Analysis for August 13, 2024 USDJPYThe Japanese yen (JPY) continues to lose ground against the US dollar (USD) on Tuesday. Safe-haven currency flows may limit the yen's decline, which could be linked to rising geopolitical tensions in the Middle East.
A special session of the Japanese parliament is scheduled for August 23 to discuss the Bank of Japan's (BoJ) decision to raise interest rates last month. Bank of Japan Governor Kazuo Ueda is expected to be invited to the session, organized by the lower house's financial affairs committee, government sources reported citing Reuters.
The USD/JPY pair is gaining support amid easing pressure on the U.S. dollar due to lower expectations of a 50 basis point interest rate cut by the U.S. Federal Reserve (Fed) in September. According to the CME FedWatch Tool, the probability of a 50 basis point (bps) rate cut in September fell to 50% from 85% last week. Nevertheless, the betting markets continue to rate the probability of a rate cut at the upcoming meeting at least 25 bps at 100%.
Trading recommendation: Trade predominantly with Buy orders from the current price level.
Fundamental Market Analysis for August 7, 2024 USDJPYThe Japanese Yen (JPY) continues to lose ground against the US Dollar (USD) for the second consecutive day. This decline can be attributed to comments from Bank of Japan (BoJ) Deputy Governor Shinichi Uchida on Wednesday: "We will not raise rates when markets are unstable," according to Reuters.
Deputy Governor Uchida also noted that the BoJ's interest rate strategy will adapt if market volatility changes economic forecasts, risk assessments or projections. Given recent market volatility, he emphasized the need to carefully monitor the economic and price effects of its policy, stating, "We should maintain the current degree of monetary policy easing for the time being."
The upside potential for the USD/JPY pair may be limited as the U.S. dollar faces challenges and markets expect a more significant rate cut in September. According to the CME FedWatch tool, the probability of a 50 basis points (bps) interest rate cut by the US Federal Reserve (Fed) in September is 67.5%, up from 13.2% a week earlier.
Trading recommendation: Trade mainly with Sell orders from the current price level.
Fundamental Market Analysis for July 25, 2024 USDJPYThe Japanese yen (JPY) continues its uptrend against the US dollar (USD) for the fourth consecutive session, staying near the 12-week high of 152.640 set on Thursday. The yen's strengthening is likely due to traders unwinding asset trades ahead of next week's Bank of Japan (BoJ) meeting.
The BoJ is expected to raise interest rates at its upcoming meeting next week, which will force short sellers to cover their positions and strengthen the yen. In addition, the BOJ is expected to outline plans to reduce its bond purchases to scale back its massive monetary stimulus.
On Wednesday, Japan's Finance Minister Shunichi Suzuki and chief currency diplomat Masato Kanda avoided commenting on currency issues, causing the USD/JPY pair to fall to its lowest level in two months, according to Reuters.
The U.S. dollar may strengthen as the latest U.S. PMI data showed an acceleration in private sector activity growth in July, underscoring the resilience of U.S. growth despite higher interest rates. The data gives the Federal Reserve (Fed) more leeway to maintain restrictive policy if inflation shows no signs of easing.
Investors are expected to keep a close eye on U.S. gross domestic product (GDP) annualized (Q2) data on Thursday and personal consumption expenditure (PCE) inflation on Friday. These reports are expected to provide new insights into the US economic situation.
Trading recommendation: Trade predominantly with Sell orders from the current price level.
Fundamental Market Analysis for July 24, 2024 USDJPYThe Japanese Yen (JPY) continues to rise for the third consecutive session on Wednesday, likely due to the return of risk-off-oriented flows. The Bank of Japan (BoJ) is expected to raise interest rates at next week's policy meeting, prompting short sellers to exit their positions and lending support to the Japanese Yen.
A senior ruling party official, Toshimitsu Motegi, called on the Bank of Japan (BoJ) to more clearly outline its plan to normalize monetary policy by gradually raising interest rates, according to Reuters. Prime Minister Fumio Kishida added that normalizing the central bank's monetary policy will facilitate Japan's transition to a growth-oriented economy.
The U.S. dollar (USD) is facing challenges due to rising expectations for a Federal Reserve (Fed) rate cut in September, putting pressure on the USD/JPY pair. According to CME Group's FedWatch Tool, the probability of a 25 basis point rate cut at the Fed's September meeting is 93.6%, up from 88.5% a day earlier.
Traders await the release of U.S. purchasing managers' index (PMI) data on Wednesday and annualized gross domestic product (GDP) (Q2) on Thursday. The data is expected to provide new insights into the US economic situation.
Trading recommendation: Trade predominantly with Sell orders from the current price level.
Fundamental Market Analysis for July 22, 2024 USDJPYThe Japanese yen (JPY) remains weak on Monday, extending its losing streak to a third straight session. Traders are preparing for next week's Bank of Japan (BoJ) meeting, which may consider an interest rate hike to support the yen. Japanese Prime Minister Fumio Kishida said normalizing the central bank's monetary policy will help Japan's transition to a growth-oriented economy, according to Nikkei Asia.
Speculative short yen positions, which had risen to their second-highest level, began to shrink after Japan's anticipated yen buying intervention this month surprised the market. According to the U.S. Commodity Futures Trading Commission, yen short positions held by market participants such as hedge funds totaled 151,072 contracts as of Tuesday. This represents a decline of 30,961 contracts from the previous week and is the biggest decline since May 7, when short positions declined by 33,466 contracts, according to another report from Nikkei Asia.
The USD/JPY pair may limit its gains as the U.S. dollar (USD) faces challenges from rising bets on a Federal Reserve (Fed) rate cut in September and lingering concerns about the volatility of the U.S. labor market. According to CME Group's FedWatch Tool, the probability of a 25 basis point rate cut at the Fed's September meeting is 91.7%, up from 90.3% a week earlier.
Trading Recommendation: Watch the level of 157.500, and on the rebound we take Sell positions.
Dollar Winning Streak Extends Into Fifth Week! Time to Go LongI wanted to share some exciting news from the forex world: the dollar has extended its winning streak into the fifth week! 🎉 A key gauge of the dollar's strength continues to rise, driven by the ongoing uncertainty surrounding the timing of the Federal Reserve's first interest-rate cut. With the yen showing signs of weakness, the USD is shining brightly on the global stage.
This is a golden opportunity for us traders to capitalize on the dollar's momentum. If you haven't already, now might be the perfect time to consider going long on the US dollar. 🌟
Why should you consider this move?
1. **Strong Performance**: The dollar's consistent growth over the past five weeks clearly indicates its robust performance.
2. **Market Uncertainty**: With the Fed's interest-rate cut timeline still unclear, the dollar is likely to remain strong in the near term.
3. **Yen Weakness**: The yen's current weakness further bolsters the USD's position, making it an attractive option for traders.
Don't miss out on this opportunity to ride the wave of the dollar's success! Dive into the market and make the most of this winning streak. 💪
Happy trading, and here's to continued success in all your endeavors!
The dollar will capitulate and then soar!Updating my TVC:DXY predictions:
1. Everything hinges on carry trade with Japan
2. Japan is raising rates until they resubmit to negative interest rates this summer
3. The USDJPY will plummet until summer, this will cause the dollar to go down which increases inflation in the USA and deflation everywhere else due to the dollar being a reserve currency.
4. I believe the FED will cause inflation to go higher kicking the can down the street
5. After this summer the dollar will explode to over 140+ killing all other currencies as they print to escape deflationary depression.
6. The dollar will finally explode making way for CBDC's
7. Gold, Bitcoin, Rupee will be my final three picks for the end of 2030 for best assets and currencies. Of course you'll want a farm and freeze dried food for the coming collapse.