External broker reports(aggregated public sources), Mizuho

Mizuho

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External broker reports(aggregated public sources)

FX & Rates

<ul><li>USD/JPY once again lacked direction in June</li><li>The currency pair temporarily climbed as a result of safe-haven USD buying in response to the risk event in the Middle East, but the trend quickly subsided with news of a ceasefire</li><li>Amid uncertainty surrounding tariff negotiations, neither the BOJ nor the Fed have made their policy stance clear, resulting in limited exchange rate movement</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

USD/JPY once again lacked direction in JuneThe currency pair temporarily climbed as a result of safe-haven USD buying in response to the risk event in the Middle East, but the trend quickly subsided with news of a ceasefireAmid uncertainty surrounding tariff negotiations, neither the BOJ nor the Fed have made their policy stance clear, resulting in limited exchange rate movementContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JPY

Forex Medium-Term Outlook(July, 2025)