The Japanese Yen (JPY) weakened 0.5% against the dollar, yielding less than even other currency refuge, while the markets are prepared for weak internal economic data and the next commercial negotiations between the US and Japan. With the expected Boj to stay stable, the JPY is still vulnerable to external risks and the inertia of politics, says Shaun Osborne, head of FX of Scotiabank.
Focus on data, commerce and boj
“The JPY is weak, lowering 0.5% against the USD and yielding less than all the currencies of the G10 together with its Chf shelter. The internal publications are in the center of attention with the industrial production and the retail sales scheduled for its publication after the na session.”
“It is expected that both show weakness in March, and therefore it is unlikely to move to the line line, since it is widely expected to maintain their position in this week’s policy meeting. Commercial negotiations between the US will continue between Wednesday and Friday, offering an additional risk of holders for Yen.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
