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USD/JPY Bulls to Retarget 143 on Hawkish Day 1 Powell Testimony
It is a relatively quiet Tuesday for the USD/JPY. There are no economic indicators from Japan for investors to consider this morning. However, the Bank of Japan Monetary Policy Meeting Minutes will draw interest shortly. While the meeting minutes are dated (April 28 meeting), they will give investors an insight into the thinking process behind ultra-loose and the views of other board members. On June 16, the Bank of Japan left interest rates at -0.10% and held back from tweaking the 0% cap on the 10-year bond yield that falls under the Bank’s yield curve control (YCC) policy. References to the YCC, inflation, and ... (full story)
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