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Options suggest Yen's upside is limted - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Scotiabank explained that the broader market tone remains the most important near term risk for JPY, with no discernible response to the release of weaker labor cash earnings data.

    Key Quotes:

    "This week’s release schedule is relatively limited, leaving the focus squarely centered on sentiment.

    Options prices suggest a moderation in demand for near-term protection against JPY gains. Longer-term measures are steady."
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