USD/JPY enjoying a softer JPY - Scotiabank

By FXstreet.com | 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."



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