
Global Markets on Alert as Japanese Yen Signals Trouble
The Japanese yen is gaining strength as markets anticipate a potential rate hike by the Bank of Japan, with a 65% chance in December and 83% in January. This has led to key currency pairs like USD/JPY and AUD/JPY breaking critical support levels, which could disrupt global markets similar to the yen rally in July. The BoJ's decisions will be influenced by US economic conditions and Federal Reserve actions, signaling a risk-off environment for now.



