Yen Finds Support as Japan Signals Pension Pivot. Forecast as of 13.07.2026

When the old playbook stops working, it's time to write a new one. The Japanese government appears to have concluded that the most effective way to support the yen is to reignite investors' fears of capital repatriation. Let's examine the latest developments and develop a trading strategy for the USD/JPY pair.Major Takeaways The Japanese government has spooked investors with capital repatriation. The BoJ's rate hike fails to help the yen. The unwinding of the carry trade will affect the yen. Sho