Japanese Jen (JPY) steps on Monday's na session with a marginal profit against the US dollar (USD), notes Shaun Osborne, the main FX -strategist of Scotiabank.
Markets still focus on trade negotiations
“JPY steps to Monday's na session with a marginal profit compared to USD, trade with most other G10 currencies. Trade is focused as Markets Eyes news about recent negotiations this week later.”
“The tone will remain constructive in the talks. Japan will release industrial production and retail data this week, before Friday's BOJ policy decision, where 0.50%is expected to be widely expected to be unchanged from the Central Bank.”
