Let’s have a look at the events that will affect market moves.
USD/JPY: forecast for July 17-21
The Bank of Japan’s policymakers have repeatedly said that they will not reduce the radical stimulus program until inflation levels move higher. With other central banks slowly admitting the need of less stimulus, the Bank of Japan is starting to stand out. Such divergence normally leads to the yen’s depreciation and increased demand for the high-yielding dollar.