USD/JPY Fundamental Daily Forecast – Higher for Week as Risk Appetite Returns Following Monday’s Setback


Source: yahoo.com yahoo.com

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The Dollar/Yen is rallying for a second-session on Wednesday, supported by a rebound in U.S. Treasury yields and increased demand for higher risk assets. In economic news, Japan’s exports jumped on solid demand from the United States and China. Meanwhile, the June meeting minutes showed a Bank of Japan board divided on its inflation outlook. At 08:15 GMT, the USD/JPY is trading 110.150, up 0.291 or +0.26%. The USD/JPY is now trading higher for the week after erasing all of Monday’s steep plunge that drove the Forex pair into its lowest level since May 27. Some traders are attributing the...