FXstreet.com (Jakarta) - USD/JPY is still trading eyeing on 97 breaking after bottoming out at 95.7. The Japanese gets use of the unwinding of the carry trades at the times of the risk aversion and mistrust in the holding assets and investing as its very low interest rate levels which reside currently at just .1%.
The pair can get back soon over this level with improving the market sentiment. By God's will, we wait tomorrow for the Japanese session for the release of Japanese PMI of April which was 33.8 in March and March Industrial Production Preliminary yearly release which is expected to be down by 34.7% after Feb declining by 38.4% and also we wait for the BOJ interest rate decision which is expected to keep the interest rate unchanged too, said Walid Salah El Din, analyst at FX Recommends.
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