So far is bearish for the yen, and it coincides with the top of the trend line in weekly and monthly charts.
Japan's economy rebounds on brisk spending but trade rifts cloud outlook
Japan’s economy grew more than expected in the second quarter, helped by strong household and business spending and recovering from a contraction earlier this year, but global trade tensions loom as major risks to the export and investment outlook. While analysts expect the economy to sustain a recovery, some warn escalating global trade frictions could hurt exports, cool capital expenditure and weigh on growth. Yusuke Ichikawa, senior economist at Mizuho Research Institute, said global trade conditions remain a risk for the rest of the year, even with support to growth from domestic drivers. “If the trade ... (full story)