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

    USD/JPY: bulls compromised while consolidated in wide range

  2. Forex News

    USD/JPY Month-End Pump and Dump

  3. Forex News

    JPY stronger on crosses – TDS

  4. Forex News

    USD/JPY: buy the dips below 123.00 – Westpac

  5. Forex News

    Japan's inflation in the spotlight - Commerzbank

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!