Japan’s top currency diplomat stated that they would closely monitor currency movements. Masato Kanda emphasized that currency rates should reflect fundamentals. The yen’s weakness has increased import costs, leading to a persistent trade deficit. Today’s USD/JPY forecast is slightly bullish as the yen strengthens after the threat of intervention. On Tuesday, Japan’s top currency diplomat … Continued
The post USD/JPY Forecast: Japan to Monitor Yen’s Weakness appeared first on Forex Crunch.
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