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We’ve had May Money Suppy data from Japan. This is not a market mover but FWIW its come in at +1.9% y/y
- vs. +2.1% expected and +2.6% in April
The Bank of Japan meet this week and yen traders are on edge over the question of further tightening from the Bank. If we get anhy it’ll likely be a reduction in JGB buying.
The US CPI and FOMC are also risk events ahead:
USD/JPY update:
This article was written by Eamonn Sheridan at www.forexlive.com.
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