FXstreet.com (Edinburgh) -The USD has resumed its appreciation against the Japanese yen on Thursday, pushing the USD/JPY to a decent upside from overnight lows around 97.40 to the recent peaks around 98.50.
USD/JPY higher on Syria, data
The softer tone in the JPY came after jitters on the Syrian front eased a tad since yesterday, albeit the situation remains highly critical. Poor data from the Japanese retailers also added to the intraday bearishness of the yen. Analysts at BTMU remain neutral on the pair for the upcoming week, adding “We expect expectations of a September tapering to be maintained but geopolitical …read more