The US dollar fell for the seventh consecutive session against the Japanese yen

The US dollar fell during the Asian session to rebound for the sixth consecutive time since Jan. 9 against the Japanese yen due to a lack of economic data from the Japanese economy and the eve of the economic data expected Thursday by the US economy Worldwide.

At 05:53 GMT, the US dollar against the Japanese yen fell 0.21% to 110.75 after crossing the 110.98 opening level after reaching the lowest level at 110.70 . At 111.04.

We followed the Japanese economy with some reports that it is unlikely that the monetary policy makers of the Bank of Japan will make monetary policy adjustments before the October meeting, although Side effects monetary easing and the possibility of monetary policy adjustments at the next BoJ meeting next week, the Bank of Japan will not make this move. It was a few hours after last weekend's report that the Bank of Japan could adjust the monetary policy by the end of the month and that the monetary authorities of the Bank of Japan could modify the purchases. government bonds and index funds. Market volatility and the Bank of Japan can make decisions to ensure the viability of monetary policy and not start a monetary tightening with the adjustment of the interest objectives. According to Reuters, the Bank of Japan's monetary policy talks at the end of the month could reflect the work of the Bank of Japan's monetary policy makers to stabilize the monetary easing program and the Bank's decision. The outlook is expected to reduce the outlook for inflationary pressures in the world's third largest economy.

On the other hand, markets are currently looking for the US economy to read the durable goods index, which accounts for about half of consumer spending, or more than two-thirds of US GDP, an increase of 3.0% against a drop of 0.4% And the basic reading of the index itself could increase by 0.5% compared to the stability at zero in May.

Investors are also looking for a reading of the goods trade balance, which could reflect a growing deficit of $ 67.0 billion versus $ 64.8 billion in May, along with the inventory index wholesale. Of 0.6% in May, and also with the weekly reading of the requests for help, which could increase from 8K to 215K last week.