Bank of Japan has upwardly revised its economic outlook while maintaining policy changes. According to policymakers, the economy has started to pick up “gradually,” following the setback caused by the coronavirus pandemic.
The USDJPY pair was seen to drop to the lowest since July 31. It was seen to move up 11 pips dipping below 105.00 and is currently at the 104.70 levels.
Personally, I find the days ahead interesting ones for Japan as the world awaits to see what new initiatives will be implemented by PM Suga.
Fun fact: I read that the yen is the third most traded currency in the foreign exchange market after the USD and the Euro.
How about you - what are some of your favorite yen pairings?
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