Mixed Performance by the Yen Ahead of Inflation and the BoJ’s Meeting

Traders of the yen are now looking ahead to Japanese inflation on 18 September and the meeting of the Bank of Japan (‘the BoJ’) the following day. This article summarises recent developments affecting the yen and the Japanese economy in general, then looks briefly at the charts of USDJPY and EURJPY. Late on 16 September GMT, Japan’s balance of trade for August was significantly less negative than expected: The consensus had been for a deficit of around ¥514 billion, whereas the actual result was less th ...