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21 Aug 2014
USD/JPY enjoying a softer JPY - Scotiabank
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."
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."