The Japanese Yen (JPY) is showing solid profits against the US dollar (USD), with an impressive advance of 0.5% and a higher yield compared to most of the G10 currencies, says Shaun Osborne, head of Scotiabank FX chief strategist.
Limited data risk before the BOJ meeting of June 17
“The final GDP of Japan of the first quarter was published last night, showing minor positive reviews and a better general composition in terms of drivers, although still registering a minor contraction in general.”
“This week’s calendar is somewhat limited in terms of high -level publications, leaving the focus centered on broader developments before the Boj’s policy meeting of June 17. Commercial conversations between the US and Japan are ongoing, and it is said that the Japanese negotiator Akazawa plans to visit the US this week.”
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.
