The Japanese Yen (JPY) is consolidating silently after his recent setback, trying to find support after a bad start in July, they inform the head strategists of FX of Scotiabank, Shaun Osborne and Eric Theoret.
The JPY is trying to stabilize after the weakness driven by tariffs
“Commercial tensions have weighed over the Yen, since the markets have reacted to the US announcement.
“Commercial developments have been an important consideration for the BOJ, since uncertainty has forced the Central Bank to Pause the tightening of its policy. The next decision of the BOJ is July 31 and the markets are discounting a wait.”
Source: Fx Street
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