In USD/JPY pair, growing channel is kept in force, tool went away enough from "bottom" levels. Interest of capital market to assets of "save haven" is moderate. It is seen on USD/JPY dynamic that went away enough from "bottom" (about 55%) and returned in the middle of mid-term trading channel. Current quotation in toll - 107.07.
According to released today data, performance index of big Japanese companies reduced on 0.1% based on May results, April data was revised and reduced from 1.3% to 0.8%. Negative indicator's value points on that companies (without specification of production sector) reduу capital spending. That, in turn, later may resulted in drop of production parameters that will hurt global GDP.
Now capital markets are looking to meeting of European Central Bank to be today, later their attention will shift on meeting of USA Federal Reserve System on July 26-27. In the course of these meetings, the most important are comments of Central Banks on assessment of external risks (and Brexit, of course), prospects and further steps regarding monetary policy.
Right now Central Banks are not like to smooth their policy - there is no need, it is only populism. Logically, Yen will regain by rising any alarm of regulators.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.