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Harga
fxJul 9, 2026, 7:37 PM

Yen Eyes BoJ Decision and Key Resistance vs USD – Scotiabank

Scotiabank strategists note the yen trading in line with G10 peers, with focus on June PPI data and the July 31 Bank of Japan meeting. Key resistance zone against the US dollar is in focus.

USDJPY

Scotiabank strategists Shaun Osborne and Eric Theoret observe that the Japanese yen is trading broadly in line with other G10 currencies. The near-term focus shifts to the upcoming June producer price index (PPI) release and the Bank of Japan's July 31 policy decision.

Technically, the USD/JPY pair is approaching a key resistance zone against the US dollar. The outcome of the BoJ meeting and inflation data will likely determine whether the yen can break through or hold its ground.

Traders are watching for any hawkish signals from the BoJ that could support the yen, while the persistent rate differential continues to weigh on the currency.

Source: FXStreet Forex News