Canadian CPI Takes Center Stage; Yen Stabilizes in Quiet Trading
Trading in the Asian session has been quiet today and is expected to remain so during the European session, given the empty economic calendar. However, Yen continues to be a significant focus among market participants. Discussions are emerging about the possibility of USD/JPY surging through the 160 level, which is currently perceived as the intervention threshold for Japanese authorities, reaching 170 in a rapid manner.
Trading in the Asian session has been quiet today and is expected to remain so during the European session, given the empty economic calendar. However, Yen continues to be a significant focus among market participants. Discussions are emerging about the possibility of USD/JPY surging through the 160 level, which is currently perceived as the intervention threshold for Japanese authorities, reaching 170 in a rapid manner.
