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What's next for Yen?

Veron83
· Views 2,932

Recent news out of Japan were not so encouraging: with August Tokyo Inflation up by 0.3% YOY, below the previous 0.6% and the expected 0.8%. Core annual inflation was recorded at -0.3% from 0.4% in the previous month.


The USD/JPY pairing was seen to tumble after the announcement of PM Shinzo’s Abe resignation due to health concerns. He has been leading the country for 8 years. USD/JPY dropped to 105.19, marking a second week of closing in the red.



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kennyp
Election of the new PM in Japan could cause some instability in the market. Election is set to be on Sept 14, so that's not too far away.
CarmenHui
let's see what happens!
florencetrieu.95
Buy?
Mary Grace
USD/JPY refreshes intraday low while declining to 105.40 after Japan’s July month data dump, published early on Monday. US-China tussle and Japanese PM Shinzo Abe’s readiness to step down citing health issues seem to challenge the optimists.

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