He Yen Japanese (JPY) enters Wednesday’s American session with a gain of 0.3%, exceeding almost all G10 currencies In an environment of slight weakness of the USD, they report the Chief of FX of Scotiabak, Shaun Osborne and Eric Theoret.
Focus on IPC reports on Thursday
“Yen’s night gains followed the publication of better than expected commercial figures, with a lower deficit than expected for the month of May. The climax of this week’s national data remains the numbers of the national CPI, scheduled for publication after the closing of the American session on Thursday.”
“Inflation in Japan remains above 3% and is a key taxpayer to the continuous commitment of the BOJ with the normalization of the policy. For the USDJPY, we indicate the importance of the level of resistance 145 in the limitation of recent profits, while a short -term support has been observed around 142.50.”
Source: Fx Street
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