USD/JPY waiting for the next big White House catalyst - ING

Eren Sengezer FXStreet

Analysts at ING see the USD/JPY being mildly positive for the week ahead, trading in a range between 110.50 and 112.20.

Key quotes:

"Tentative progress is being made when it comes to White House policy agenda; Senate Reps are now at the stage of getting votes on their version of Health Care Bill. Need this resolved to move onto tax reforms."

"With the ultra-accommodative BOJ policy under growing scrutiny, there'll be quite a bit of focus on Japanese CPI data (Fri). While the headline print is expected to come around 0.5% YoY, the core-core release may stay sidelined at 0.1% YoY. Enough to keep the BoJ's YCC policy steady."

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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