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USD/JPY pushing the barriers - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analyst at Scotiabank explained that JPY’s recent haven-driven gains have pushed it well above levels implied by considerations of relative policy.

    Key Quotes:

    "Specifically the 2Y U.S.-Japan yield spread.

    Continued turbulence should maintain pressure on USD/JPY, however we note a considerable vulnerability to rapid gains in the event of a moderation in risk aversion."
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