JPY recovering into NA session with focus on trade talks – Scotiabank
Japanese Yen (JPY) is underperforming the G10 currencies with a modest 0.2% decline vs. the US Dollar (USD), entering Thursday’s NA session with an impressive recovery from earlier sentiment-driven losses related to headlines on trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Japan’s bond markets look to have calmed
"The topic is likely to remain dominant as Japan’s top trade negotiator arrives in DC for a fourth round of talks, with intentions to continue discussions despite the latest US court ruling that declared tariffs illegal."
"Japan’s bond markets look to have calmed somewhat and spreads are steady, offering some space for domestic fundamentals to drive near-term price action as we note a heavy release calendar that includes employment, Tokyo CPI, industrial production, and retail sales data."
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