USD/JPY enjoying a softer JPY - Scotiabank

By FXstreet.com | Updated August 21, 2014 AAA

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that JPY is soft.



Key Quotes



"…having dropped to a fresh four month low”.



“The shift higher in USD/JPY was a reflection of the relative interest rate outlook and risk aversion; with the market content to ignore the stronger than expected manufacturing PMI, which rose to 52.4, signaling a stronger expansion."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Treasury yields pull up USD/JPY pair

  2. Forex News

    USD/JPY may retest 117.18 levels – FXStreet

  3. Forex News

    USD/JPY bounces off 117.60

  4. Forex News

    USD/JPY might break above its 5 day range – DayTradeIdeas

  5. Forex News

    USD/JPY hovers around 118

Trading Center