Dips continue to be buying opportunities, and I don’t think tha

As long as the Bank of Japan tries to keep its interest rates as low as they are, the Japanese yen will be one of the least favorite currencies by traders to own.

With the massive interest rate differential, you get paid to hang on to this pair, and I think that will end up being one of the major drivers of where we go next. In other words, it just makes more sense to own the British pound and it does the Japanese yen. Dips continue to be buying opportunities, and I don’t think that changes anytime soon.

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The Bank of Japan has emphasized the need for wage increases to keep pace with inflation, before claiming the central bank has achieved its price stability goal. However, Japan's real wages have been declining for 17 consecutive months through August, and nominal wage growth has remained at less than 2% in recent months.

The Bank of Japan is scheduled to release its quarterly economic outlook along with its policy statement on October 31st.