Japan has decided to stick with its negative interest rates policy creating a downturn for the yen against the dollar.
This creates an opportunity for the bullish investors on the dollar and those bearish on the yen.
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One should look for correlation of the yen on other currencies to spot more opportunities
The Japanese yen is in free fall, with the pair USD JPY hitting 136.30 its lowest point since late 1998.
The weakness against other major currencies comes as the Bank of Japan has decided to stick to its loose policy contrary to its global counterparts, which are raising interest rates to fight inflation. The spike in USDJPY followed today's Japan's Prime Minister's intervention where he voiced his support for maintaining the current course of the monetary policy by the BoJ.
