The Japanese Yen (JPY) is weak, falling 0.4% against the US dollar (USD) and negotiating strongly into an uncertainty environment in commercial policy, they report the main currency strategies of Scotiabank, Shaun Osborne and Eric Theoret.
The markets await the IPC next week
“The feeling is dominating, since we notice the continuous stability in the differential differentials that should provide a certain fundamental support in the fees. The next week’s publications calendar is critical, and we specifically highlight Friday’s CPI as an important input for the deliberations of those responsible for the monetary policy of the BOJ at the July 31 meeting.”
“It is widely expected to be maintained, but Recent comments have hinted at the possibility of upward revisions in the inflation forecast of the Central Bank. We continue to highlight the short -term neutral technical perspective for the USD/JPY with support in 142.50 and resistance above 148.00. “
Source: Fx Street
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