Yen discovering energy, USD/JPY round 154.50

The response to a Federal Open Market Committee (FOMC) on maintain has been yen shopping for in Asia morning commerce:

There is no such thing as a recent information of observe. Though I did posit the potential for a decrease USD/JPY right here earlier:

• Preparations for a gathering between Trump and Japan PM Ishiba near being finalised

I wasn’t actually satisfied …. however right here we’re.

One factor to concentrate on is liquidity is thinner than regular once more at present with Singapore and Hong Kong on holidays (mainland China additionally):

• Markets in Asia shall be disrupted by holidays once more at present

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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