The USD/JPY pair advanced last week due to the dollar strength, while the Japanese yen was able to record more gains against other major currencies amid risk aversion that increase demand for safe haven currencies.
The Bank of Japan did not offer anything offer during its last meeting, while some of its members asked for more easing and to expand the central bank’s budget, the move which could indicate to us that another action will be taken from the BOJ.
At 15:00 GMT, the U.S. economy will release the Existing Home Sales for October, where it’s expected to come at 4.80 million down by 2.2% from the previous reading of 4.91 million which is down by 3.0%.
Originally posted here
