Japanese Yen (JPY) is entering Monday’s NA session with a marginal gain against the US Dollar (USD), Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Markets remain focused on trade negotiations
“JPY is entering Monday’s NA session with a marginal gain vs. the USD, trading with limited movement along with most of the other G10 currencies. Trade remains in focus, as markets eye news of fresh negotiations later this week.”
“The tone remains constructive heading into the talks. Japan will release industrial production and retail sales data this week, ahead of Friday’s BoJ policy decision where the central bank is widely expected to keep its policy rate unchanged at 0.50%.”