The Japanese Yen (JPY) is exhibiting weakness, declining by 0.2% against the US Dollar (USD) and lagging behind most of its G10 counterparts, according to Shaun Osborne, Chief FX Strategist at Scotiabank.
JPY Could Experience Further Consolidation
“The JPY is trading softly, registering a 0.2% loss against the USD and showing weaker performance than the majority of G10 currencies, alongside the Swiss Franc (CHF), another safe-haven currency, amidst a generally positive risk-on environment.”
“The significant volatility witnessed in the last 24 hours suggests the possibility of a period of consolidation in the near term, as market participants evaluate the evolving risk landscape influenced by news flow pertaining to Trump, trade negotiations, and the Federal Reserve.”
