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Forex pairs in this Article » USD/JPY (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the JPY being on the back foot while full markets are back to work after Tokyo’s holiday.

Key Quotes:

“JPY has weakened 0.6% as traders come back from vacation and force a retracement of yester- day’s gains. Fundamental data was weak, with Japan’s current account deficit widening to a fresh record of ¥593bn in part due to a trade deficit that increased
to ¥1.3trn. “

“ This release uggests that the fundamentals contin-ue to support long-term JPY weakness. C.S.”
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