Analyst: Yen outlook under pressure, the Bank of Japan may maintain a wait-and-see approach.

Jin10 data on July 21 reports that Nick Twidale, Chief Market Analyst at ATFX Global Markets, stated that uncertainty may ultimately lead to Unfavourable Information for the yen. Despite safe-haven buying, the results meeting expectations triggered a pullback. The greater risk lies in subsequent developments, with the stock market expected to face dumping due to uncertainty. If Japanese Prime Minister Shigeru Ishiba ultimately resigns, the yen may weaken further. In the short term, the Central Bank of Japan will maintain a wait-and-see mode and continue to observe data until future policy direction becomes clear.