External backdrop is supportive for a lower USD/JPY – MUFG USDJPY CPI UnitedStates RiskAppetite Banks
The Japanese Yen is still set to strengthen further despite recent setbacks, in the view of economists at MUFG Bank.“We continue to believe that the external backdrop is supportive for a lower USD/JPY which remains significantly overvalued.”
“The main upside risks in the week ahead for USD/JPY are posed by the release of the US CPI report for April if it shows more persistent inflation pressures although we expect the US rate market to remain reluctant to price in more hikes at current juncture.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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Join the crew of the USS Cerritos in 'Star Trek: Lower Decks' role-playing gameJeff Spry is an award-winning screenwriter and veteran freelance journalist covering TV, movies, video games, books, and comics. His work has appeared at SYFY Wire, Inverse, Collider, Bleeding Cool and elsewhere. Jeff lives in beautiful Bend, Oregon amid the ponderosa pines, classic muscle cars, a crypt of collector horror comics, and two loyal English Setters.
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