FXStreet (Guatemala) – Analysts at TD Securities explained that data in Japan this week (retail sales and inflation) are expected to tilt on the positive side so this could open up better entry points.
Key Quotes:
“Ultimately however, we think interest rate expectations—particularly in the US—will be the dominant driver of USD/JPY moving forward.”
“For the past several weeks, changes in yields spreads (as well as the magnitude) had indicated an upward bias for USD/JPY but the currency pair seemed immune to these moves. So in some ways we view the move higher in USD/JPY as a catch-up.”
(Market News Provided by FXstreet)