The corridor is too narrow for the yen

Will the USD/JPY go outside the trading range of 106-109?

When people go outside, and the lockdown is in the past, the yen seems to face problems. An increase in the global risk appetite amid the reopening of the global economies and the hopes for the global GDP rebound, the demand of Japan’s investors for overseas securities also grows. This forces the capitals to go from Japan to the USA and Europe, the USD/JPY and EUR/JPY start rising. This is usually so, but not this time. The U.S. dollar has stuck in the trading range of ¥106-¥109 since late March and will hardly exit…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>