With BOJ On Deck, The Yen's Moment To Shine... Or Fade, Is Here

By Vassilis Karamanis, Bloomberg FX reporter and strategist

This could be a defining week for the yen. The macro and geopolitical backdrop is supportive of yen strength — at least on paper. But if the currency fails to gain traction here, the bearish dollar-yen narrative that’s persisted all year may face a serious credibility test.

Technically, USD/JPY remains on a long-term downtrend, but cracks are forming