The yen continues to struggle despite the Bank of Japan rate hike this week:
The USDJPY is squeezing toward 2024 highs.
Data from NZ kick off the calendar, May CPI from Japan follows later.Headline and core measures have remained below the BoJ 2% target for four consecutive months.
BOJ minutes, April meeting, not this week’s, follows.
Note, HK and China are on holidays today, which’ll thin out interest and liquidity somewhat. US is out Friday too, of course.
This article was written by Eamonn Sheridan at investinglive.com.