Japanese Yen (JPY) is displaying strong features vs. the US Greenback (USD), up a powerful 0.5% with outperformance towards many of the G10 currencies, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Restricted knowledge danger forward of June 17 BoJ assembly
“Japan’s ultimate Q1 GDP was launched in a single day, displaying minor constructive revisions and a greater general composition by way of drivers whereas nonetheless registering a minor contraction general.”
“This week’s calendar is considerably restricted by way of high-level releases, leaving the main target centered on broader developments forward of the June 17 BoJ coverage assembly. USJapan commerce talks are ongoing, and Japan’s negotiator Akazawa is claimed to be planning a go to to the US this week.”
