The Japanese Yen (JPY) retraces its recent gains against the US Dollar (USD), with trading volumes likely to be low due to the Japanese markets being closed for Mountain Day.
The Japan ese Yen declines due to low trading as traders observe the Mountain Day holiday in Japan . The US Dollar receives support due to diminished odds of Fed rate cuts following last week’s upbeat US data. Safe-haven flows may limit the downside of the JPY amid increased geopolitical tensions. The Japan ese Yen retraces its recent gains against the US Dollar , with trading volumes likely to be low due to the Japan ese markets being closed for Mountain Day.
” The minutes from the Bank of Japan's June meeting showed that some members expressed concerns about rising import prices due to the recent decline in the JPY, which could pose an upside risk to inflation. One member noted that cost-push inflation might intensify underlying inflation if it results in higher inflation expectations and wage increases. Technical Analysis: USD/JPY rises to near 147.00 USD/JPY trades around 147.00 on Monday.
SEO Majors Macroeconomics Japan
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