USD/JPY offers insight to the market - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - USD/JPY remains range‐bound, with the JPY seeing little or no obvious benefit from the heightened volatlity and uncertainty that surrounded yesterday’s ECB decision.

    Key Quotes:

    "Global stocks remain soft today but FX safe havens are not in demand, suggesting that volatlity is driven by short‐term position adjustment rather than deeper‐rooted worries. Japanese cash earnings rose a higher than expected 0.7% in October. Steady, if minor, gains in wages augur positively for consumption and inflation."
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