USD/JPY to reach new millennium highs – Commerzbank
|USD/JPY reached new highs at levels around 137 on Wednesday. Economists at Commerzbank expect the pair to extend its substantial rise.
Japan’s June inflation data unlikely to lift the yen
“It seems unlikely that the June inflation data, due for publication tomorrow, will change this decade-long phenomenon.”
“I merely want to point out that the causes of lowflation in Japan were clearly different from those in the rest of the G10. And as a result, the fact that lowflation is over in most countries is not a reason to assume that the same will happen in Japan.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.