The Japanese Yen (JPY) is also being negable against the US dollar (USD) and consolidating its recent recovery from the lower extreme of its recent range, they inform the main strategists of FX of Scotiabank, Shaun Osborne and Eric Theoret.
USD/JPY to press to the lower end of the recent range of 142-148.50
“The passage of electoral risk has displaced the approach to the fundamentals and the next BOJ’s policy decision on July 31. The short -term risk balance favors the strength of the JPY as we consider the possibility of an improvement in the tone of the BOJ and its evaluation of perspectives.”
“The conversations between the US and Japan are ongoing and the negotiators have gathered 8 times since the conversations began in April. For the USDJPy, we continue bassists looking for pressure towards the lower end of the recent range of 142-148.50.”
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.
