Last week, fears of a further downgrade of Greece supported the yen. This week, the market continues to face a series of major risk events such as non-agricultural reports, the Reserve Bank of Australia, the Bank of Canada and the interest rate resolutions of the two major European central banks, and the trend of the yen may be even more unpredictable. With the Greek debt crisis unresolved, the market will continue to worry that the euro zone economy and even the global economic recovery will be dragged down. In the context of the overall financial crisis and the recent Greek debt crisis, the fundamentals of the Japanese economy are often ignored when considering the trend of the yen, but the fragility of the Japanese economy may also make the yen lose its status as a safe haven currency. Japan's consumer price index fell by 1.3% and 438+0.3% in June, which proves that its economy continues to be plagued by deflation. The Bank of Japan predicts that prices will continue to fall to 20 12. Until the price level rises, the central bank has to keep the interest rate at 0.65,438+00%, and the yen will also maintain its status as a financing currency. It is expected that Japanese household expenditure and capital expenditure data will continue to improve this week. When Japan's economy will continue to lag behind other economies and the yen will remain weak, the spread of its currency against the yen will gradually expand as other economies continue their sustained recovery. Due to the unresolved Greek debt crisis and many risk events this week, the yen may maintain its current level this week. Technically, the weekly trend continues to be suppressed by the downtrend line.

It shouldn't affect much. Change it when you have time. I won't check more, hehe.