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Caution, Yen not weakening materially - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Scotiabank explained that risk in JPY
    continues to be dominated by the broader market tone, and we continue to highlight the widening disconnect between yield spreads ( shifting in a JPY-negative manner) and the remarkable stability in the currency.

    Key Quotes:

    We are also somewhat cautious as we also note JPY’s inability to weaken materially through the recent period of risk appetite. Options prices have shown a limited response to the turn in the market tone, with steady demand for protection against JPY gains across a range of time frames."
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