The Japanese Yen (JPY) has risen a modest 0.2% against the US dollar (USD) and is surpassing most G10 currencies in the American session on Monday, the head strategists of FX of Scotiabank, Shaun Osborne and Eric Theoret and Eric Theoret indicate.
Focus on the key data of the CPI and the BOJ on July 31
“Commercial tensions are still the center of attention while the markets expect the next visit of the US Treasury Secretary, Scott Besent, and consider President Trump’s latest comments, who focused on the commercial imbalance in the automotive sector. Fundamentally, the requests for basic machinery of Japan were better than expected, together with the monthly index of the tertiary industry (services).”
“The short -term calendar is dense, since we expect the data of the national trade and IPC scheduled for publication later this week. The data will be an important entry for those responsible for BOJ’s policies while formulating their policy decision on July 31. The media continue to inform about a possible increase in inflation forecast of the Central Bank.”
“JGB yields are rising and narrowing differentials in a way that supports JGB. The short-term risk balance favors the downward risk in the USD/JPY, back to the lower end of its range of 142.50-148.00 since the beginning of April.”
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.
