USD/JPY Bearish Outlook Mired by Intervention Threat, Upbeat US Data

In the aftermath of the U.K. Referendum, USD/JPY may face a further decline next week amid the deterioration in risk sentiment, but the fundamental developments coming out of the world’s largest economy may spur a near-term rebound in the exchange rate should the data prints put increased pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy.


from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2016/06/24/USDJPY-Bearish-Outlook-Mired-by-Intervention-Threat-Upbeat-US-DatatofDS.html?DFXfeeds=forex:fundamental:forecast:weekly:jpy