The Japanese Yen (JPY) is weak, falling 0.4% against the US dollar (USD) and giving in to all G10 coins while we enter Wednesday’s NA session.
JPY is weak for commercial risks and a less aggressive tone of the box
“The uncertainty in the commercial policy and relative policy of the central banks are weighing on the YEN, since the market participants consider the lack of tangible progress in the commercial conversations between the US. UU. And Japan before the deadline of July 9. President Trump has threatened with levels higher than 24% of tariffs currently planned, mentioning both 30% and 35% State of the commercial relationship. ”
“As for monetary policy, the messages of the governor of the Boj, Ueda, have added to the issue of decreased aggressiveness, since the comments of the Sintra of the ECB hinted at patience in the rates of rates. The short -term rates markets are assessing without changes for the next meeting of the boxpage on July 31 and 15 basic adjustment points for the end of the year.”
“The markets had been valuing around 20 basic adjustment points at the beginning of June. In technical terms, the USD/JPY is limited in a range, oscillating in a wide range around its 50 -day mobile average (144.44) with a recent closing support found in half of the 142 and resistance around 146.”
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.
