The Japanese media forecasts on the adjustments expected from the Bank of Japan at its next meeting coming up July 20 and July 21; the Central Bank fronts. The Bank might raise its quarterly price projection to its target level of 2% or above for the year ending next March from the 1.9% view it gave in April and lower its GDP projections. BoJ has stated severally, its belief that above-target CPI as transitory and that it is sworn to its loose monetary policy.
Earlier today, USD/JPY increased to the heights of 136:00 but dropped back to 135.60.it seems it wants to maintain the low status leaving Euro AUD, NZD, CAD, GBP at a few points against the above the USD.
Again, coronavirus has topped the headline, with Shanghai reporting numerous cases and this caused a temporary chaos, even in the stock market. Tokyo might be introducing some restrictions.
The prevailing thoughts on the minds of investors and traders is when will the USD rise again?