Japanese yen (JPY) is a weak, USD (USD) compared to 0.7% and most G10 currencies in the widespread USD strength environment, notes Shaun Osborne, the main FX-strategist of Scotiabank.
Markets are waiting for BOJ next week
“Tariff titles dominate and put pressure on the yen because markets are considering the possibility of relieving the tensions between the US and China. Romely, overnight data included the release of stronger data than expected to Tokyo.”
“BOJ is expected to be organized at next week's meeting, but the tone of the application will be closely checked for all the signs of changing the plans for further effort of the bank.”
