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A round of bad luck for the Japanese yen this week as global risk sentiment comes back from the extreme negative levels from last week.

Overlay of Inverted JPY Pairs: 1-Hour Forex Chart
Overlay of Inverted JPY Pairs: 1-Hour Forex Chart
JPY Weekly Performance from MarketMilk
JPY Weekly Performance from MarketMilk

Japanese Headlines and Economic data

Monday:

Tuesday:

Wednesday:

Thursday:

Friday:

  • Tokyo core CPI dipped from 0.5% to 0.4% as expected
  • The Japanese yen found some buyers during the Friday session as risk sentiment soured a bit, possibly on traders fearing that the U.S. stimulus bill may hit a snag and on the continued acceleration of cases around the globe. Fortunately for a lot people out there hurt by the coronavirus pandemic, the bill was later passed and signed by President Trump in the afternoon session, sparking some flows out of safe havens (and the Dollar) heading into the weekend.