USD / JPY
The yen is growing on an external optimistic political and economic background on the third day. The beginning of normalizing the relations between the US and the DPRK took place, although the US has not yet cancelled any sanctions against North Korea, to which China has already called. Japan’s producer price index in May rose from 2.1% YoY to 2.7% YoY, while the tertiary index of business activity in services rose by 1.0% m / m in April against the forecast of 0.6%. The BSI index of business sentiment in large industrial companies for the 2nd quarter showed that the index fell from 2.9 to -3.2 with an expectation of growth to 3.2 points. But stock indices are rising. Yesterday, the S & P500 added 0.17%, and today the Japanese Nikkei 225 is growing by 0.37%, against the fall of the Chinese indicator, China A50 by -0.57%.
We are waiting for the yen to rise by 112.05. The Fed is likely to raise rates today.
* The presented market analysis is informative and does not constitute a guide to the transaction.