Financial News

USD/JPY ranging as Japan’s economy is “past the worst”

By: Invezz
Bank of Japan

USD/JPY price has continued to range this week as investors seem to have taken a break after a volatile few months. Separately, BoJ’s Governor says that Japan’s economy is past the worst. Fundamental analysis: The lengthy recovery ahead Haruhiko Kuroda, Governor of the Bank of Japan (BoJ), said the worst is over for Japan’s economy. Still, Kuroda warned that the recovery process could take some time. The bank estimates economy contraction of 4.7% in the 12 months through March 2021. The economy declined around 3-5% in April this year. Kuroda made the statement following BOJ’s decision to leave its interest

The post USD/JPY ranging as Japan’s economy is “past the worst” appeared first on Invezz.

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