The Japanese yen (JPY) is quoted flat in front of the Dollar American (USD) and tries to stabilize just below the lower end of the range (broken) that had been maintained since the beginning of May.
The JPY is stable amid the volatility of the bond market
“The yields of the long -term Japanese government bonds have been withdrawn from their recent maximum Boxwood It is neutral, due to uncertainty in commercial policy. “
“However, long -term risks remain inclined towards greater hardening with a possible types of types as soon as in October. Japan will publish commercial data at 7:50 PM ET and the CPI on Thursday (local Friday). For USDJPY, we expect consolidation around the current levels and indicate the importance of the 200 -day mobile average (149.71) as an important level of long -term resistance.”
Source: Fx Street
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