In its latest quarterly report released on Thursday, the Bank of Japan (BOJ) downgraded its economic assessment for two of Japan’s nine regional economies.
“A resurgence of coronavirus infections weighs on service consumption.”
“The BOJ maintained its assessment for the remaining seven areas.”
“Japan's regional economies picking up as a trend or showing signs of a pick-up.”
USD/JPY consolidates below 109.00
USD/JPY is in bearish consolidation below 109.00 heading into the European open, as markets remain cautious amid renewed geopolitical risks and ahead of the key US Retail Sales release.
The spot was last seen trading at 108.90, almost unchanged on the day.
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.