USD/JPY: BoJ, geopolitics to drive price action – OCBC

  • USD/JPY rose as Trump and PM Ishiba did not agree to a trade deal, while slightsigns of easing geopolitical tensions also saw some unwinding of JPY longs while market expectation for BoJ to stand pat kept the pair broadly supported. USD/JPY was last at 144.81 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.