He And in Japanese (JPY) has weakenedlowering 0.5% against the US dollar (USD) and being below All G10 currencies due to industrial production data and weakest retail sales than expected, says Shaun Osborne, head of FX strategy of Scotiabank.
The jpy is surrendering before the Boj tonight
“Both contracted in March, and to a much greater extent than expected. It is unlikely that the data impact the Boj’s policy decision, since market participants expect maintenance in 0.50%.”
“The publication of new forecasts by the BOJ will be important, since it will be one of the first large central banks in providing a reevaluation of its prognosis after the announcement of US tariffs. Japan/US commercial conversations will resume on Wednesday and are expected to continue until the end of the week, representing the second round of conversations since the negotiations began.”
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.
