The Japanese Yen (JPY) is entering Monday’s NA session with a marginal gain against the US dollar (USD), says Scotiabank FX Strategy Head Shaun Osborne.
The markets are still focused on commercial negotiations
“The JPY is entering Monday’s NA session with a marginal gain against USD, operating with limited movements along with most of the other currencies of the G10. Trade remains the focus, since the markets are attentive to news of new negotiations later this week.”
“The tone remains constructive for conversations. Japan will publish industrial production and retail production data this week, before the Friday Boj’s decision, where it is widely expected that the Central Bank maintains its policy rate without changes in 0.50%.”
Source: Fx Street
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