FXStreet – The Scotiabank market analysts take a look at the fundamentals around the USD/JPY.
In the foreground, US President, Donald Trump is back. According to the Washington Post, he is supposed to have two high-ranking intelligence officials, to exonerate him publicly of its shipments to Russia during the election campaign. This is the reason why the Japanese Yen appreciating again because investors want to hedge against weakness in the greenback.
In the short term, sideways trading should continue, however.
** FXStreet News Editorial, FXStreet**