Dear reader, today the USDJPY continues to trade in an upward trend.
In this regard, the Japanese Yen remains defensive amidst uncertain policies from the Bank of Japan (BoJ). The fleeting PMI indicators in Japan have not made much of an impression on the JPY's upward trend or provided any significant support. Concerns about intervention help to limit deeper losses in the context of the softening USD price action.
In this regard, the Japanese Yen remains defensive amidst uncertain policies from the Bank of Japan (BoJ). The fleeting PMI indicators in Japan have not made much of an impression on the JPY's upward trend or provided any significant support. Concerns about intervention help to limit deeper losses in the context of the softening USD price action.
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