The Japanese Yen (JPY) is weak against the US dollar (USD) and is low performance compared to all G10 currencies in a mild environment appetite for riskpoints out FX Strategy Strategy, Shaun Osborne, and Scotiabak, Shaun Osborne and Eric Theoret FX Strategy Strategy.
The JPY cannot break the psychological support level of 140
“The main domestic risk event for the JPY this week is the BOJ’s policy decision scheduled for Tuesday. It is widely anticipated that it is maintained, however, uncertainty focuses on the tone, since those responsible for the policy run the risk of softening its deciduous tone of hard line.”
“Volatility in the domestic bond market remains a central concern for the Boxwood and the recent comments of the Governor Ueda have hinted at the possibility of a less aggressive path for the normalization of politics. The USD/JPY has been consolidating just below the midpoint of its two months and still can break the important level of psychological support of 140 – for now. “
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.
