The Japanese Yen (JPY) has risen 0.3% against the US dollar (USD) and is surpassing all G10 currencies as we enter the American session on Monday. Interest rates differentials are narrowing in a way that supports the JPY, since US treasury yields remain soft, they inform the Strategies Chief of Currencies of Scotiabank, Shaun Osborne and Eric Theoret.
Short -term risk in the figures of the tankan feeling survey
“The markets seem to be ignoring a weaker industrial production public talk.”
“For the USD/JPY, the technical perspective remains bassist since the RSI has fallen below 50, opening the possibility of a thrust towards the recent minimum of the range around 142.50.”
Source: Fx Street
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