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There has been something odd about the yen, lately, tomorrow we might get some clues as to why.
There is a host of key data coming out, but the Tankan survey could answer a couple of open questions. It could also give better insight into where the exchange rate is heading in the medium term.
Over the last couple of weeks, there has been a drop in appetite for risk as different countries around the world reported an increase in COVID-19 cases.
The US, in particular, has seen a dramatic rise. One would expect to see a stronger yen, but the currency has traded largely flat, almost in limbo.
Where Are We Going?
After a surge in optimism as economies reopened in early June, we seem to be around the point where the markets might continue to rise, or tumble over into the second part of a W-shaped recovery.
At the same time, there are questions about how much longer central banks can continue to buy unprecedented amounts of assets.
The question now is where do companies see things going? Becau...
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