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."



Related Forex Analysis
  1. Asia Recap: BoJ eases further, market caught by surprise
    Forex News

    Asia Recap: BoJ eases further, market caught by surprise

  2. USD/JPY hits the roof on surprise BOJ easing
    Forex News

    USD/JPY hits the roof on surprise BOJ easing

  3. BoJ throws bombshell by easing further
    Forex News

    BoJ throws bombshell by easing further

  4. Euro May Look Past CPI Data, NZ Dollar Down on Building Permits Drop
    Forex News

    Euro May Look Past CPI Data, NZ Dollar Down on Building Permits Drop

  5. BoJ preview: Downgrade in economy, inflation to sustain QQE prospects into 2015 - ...
    Forex News

    BoJ preview: Downgrade in economy, inflation to sustain QQE prospects into 2015 - ...

Trading Center