Japanese Yen sticks to intraday gains; USD/JPY seems vulnerable near multi-week low

  • The Japanese Yen (JPY) retains its positive bias against a bearish US Dollar (USD) and currently trades near a three-week low touched during the Asian session earlier this Tuesday. The Bank of Japan's (BoJ) Tankan Survey showed that business confidence at large manufacturers in Japan improved for the first time in two quarters during the April-June period.