Created
: 2025.07.17
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
JPY is underperforming into this weekend's upper house elections - Scotiabank
World FX news
Breaking news
JPY is underperforming into this weekend's upper house elections - Scotiabank
New
2025.07.17 20:53
2025.07.17 20:53
2025.07.17 20:53
The Japanese Yen (JPY) is weak, down 0.6% against the US Dollar (USD) and underperforming most of the G10 currencies amid broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Trade data seem soft & credit rating risk is up
"Japan's June trade data disappointed, and an unexpected contraction in exports delivered a smaller than expected surplus. National CPI data are scheduled for release at 7:30pm and headline is expected to moderate from 3.5% y/y to 3.3% y/y."
"Japan's upper house election remains a core near-term risk for both the currency and the bond market, as market participants consider the fiscal implications of this weekend's vote. Media are also reporting on local banks' concerns about the country's credit rating."
"Fundamentally, yield spreads have shown remarkable stability over the past week or so, and movement in USD/JPY has largely followed the options market with a significant decline in the premium for protection against USD/JPY downside. USD/JPY's technicals are bullish, and the renewed push above 148 resistance has shifted our focus to the 200 day MA (149.71)."
Last updated
: 2025.07.17
Related articles
GBP/JPY rises on weak Japanese trade data, CPI in focus
3 minutes agoAUD/USD slides as weak Australian jobs data meets robust US retail sales
16 minutes agoUS to impose 93.5% tariff on Chinese battery material
21 minutes agoFed's Daly holds the line on cautious Fed approach amid price volatility
2025.07.18 01:57USD/CHF rebounds on hawkish Fed stance and upbeat US economic data
2025.07.18 01:27GBP/USD slips on robust US data as Fed cut odds fade
2025.07.18 00:58
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
GBP/JPY rises on weak Japanese trade data, CPI in focus
The British Pound (GBP) gains positive traction against the Japanese Yen (JPY) on Thursday as sentiment surrounding the Yen remains fragile following Japan's disappointing Trade Balance data.
New
2025.07.18 03:13AUD/USD slides as weak Australian jobs data meets robust US retail sales
The Australian Dollar (AUD) is weakening against the US Dollar (USD) on Thursday after employment data from Australia reflected a slowdown in the labour market. Meanwhile, US Retail Sales data surprised to the upside, reflecting an increase in consumer spending in June.
New
2025.07.18 03:00US to impose 93.5% tariff on Chinese battery material
According to early reporting, the United States (US) could be poised to introduce a new steep import tariff on Chinese goods, this time centered around battery technology, specifically battery-grade graphite.
New
2025.07.18 02:55Dow Jones Industrial Average tests higher ground after upbeat Retail Sales print
The Dow Jones Industrial Average (DJIA) extended a mid-week rebound on Thursday, tipping back into positive territory for the week as investors continue to brush off inflationary fears, tariff threats, and growing concerns that the Federal Reserve (Fed) could be poised to lose its political autonomy
New
2025.07.18 02:32Fed's Daly holds the line on cautious Fed approach amid price volatility
Federal Reserve (Fed) Bank of San Francisco President Mary C.
New
2025.07.18 01:57USD/CHF rebounds on hawkish Fed stance and upbeat US economic data
The US Dollar (USD) is firming against the Swiss Franc (CHF) as upbeat US economic data and hawkish Federal Reserve (Fed) comments support demand for US yields.
New
2025.07.18 01:27GBP/USD slips on robust US data as Fed cut odds fade
The GBP/USD drops during the North American session, edges down 0.07% following the release of strong US economic data that boosted the Greenback which hit a new July high as it recovers some ground at the beginning of the second half. At the time of writing, the pair trades at 1.3408.
New
2025.07.18 00:58German Chancellor Merz signals resistance to EU taxation plans
Chancellor of Germany Friedrich Merz flashed warning signs on Thursday, warning European Union (EU) plans to shore up budgets using new or increased corporate taxation schemes will likely meet resistance from the German contingent.
New
2025.07.18 00:42EUR/CHF Price Forecast: Euro stabilizes above 0.9300 as bears fails to trigger a breakdown
EUR/CHF is holding firm above 0.9300 on Thursday, with the pair attempting to rebound from the lower boundary of its multi-week consolidation zone.
New
2025.07.18 00:20EUR/JPY retreats from YTD high with price action falling in a tight range
The Euro (EUR) is trading in a narrow range against the Japanese Yen (JPY) on Thursday, after reaching a one-year high of 173.25 on Wednesday. Despite a minor pullback, central bank divergence and a diminishing outlook for Japan's economy remain a key theme.
New
2025.07.17 23:52Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
