USD/JPY Outlook: Japan’s Q1 Contraction Milder than Expected
Japan’s economy likely shrank less than expected in the March quarter. The dollar traded near an 8-week low due to increased rate cut expectations. Investors eagerly await the US monthly employment report. The USD/JPY outlook points south as the yen strengthens on prospects of a smaller-than-expected contraction of Japan’s economy in Q1. Meanwhile, the dollar... The post USD/JPY Outlook: Japan’s Q1 Contraction Milder than Expected appeared first on Forex Crunch.
Japan’s economy likely shrank less than expected in the March quarter. The dollar traded near an 8-week low due to increased rate cut expectations. Investors eagerly await the US monthly employment report. The USD/JPY outlook points south as the yen strengthens on prospects of a smaller-than-expected contraction of Japan’s economy in Q1. Meanwhile, the dollar...
The post USD/JPY Outlook: Japan’s Q1 Contraction Milder than Expected appeared first on Forex Crunch.
