FXWW News/JPY crosses/USD/JPY

JPY crosses open slightly higher after G20 weekend

The lack of any currency-related comment from the G20 weekend will be seen by the market as being moderately JPY negative. The global economy has other things on its mind apart from Japanese monetary policy.

The JPY crosses are slightly higher compared to the NY close from Friday, but movements are very modest in the order of 0.15% on average.

USD/JPY looks like it wants to test 110.00 this week and I see no point in getting in the way.

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