USD/JPY Surges as Japan Signals No Immediate Pension Portfolio Overhaul
The Japanese yen lost its footing gains against the US dollar on Monday after In Monday's G10 trading, the JPY dropped against all other currencies. The next update for the yen will be the final readings of Industrial Production for May, due on Tuesday. For the USD, the major events will be the inflation data for June and testimony of Federal Reserve Chair Kevin Warsh, also due on Tuesday. The USD/JPY pair was trading at 162.264, with a 0.37% gain during Monday's American trading hours at the time of writing.
The Japanese yen lost its footing gains against the US dollar on Monday after In Monday's G10 trading, the JPY dropped against all other currencies.
The next update for the yen will be the final readings of Industrial Production for May, due on Tuesday.
For the USD, the major events will be the inflation data for June and testimony of Federal Reserve Chair Kevin Warsh, also due on Tuesday.
The USD/JPY pair was trading at 162.264, with a 0.37% gain during Monday's American trading hours at the time of writing.