USD/JPY: rallies on BoJ/Fed expectations - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Eric Theoret, CFA, CMT FX Strategist explained that JPY is soft, underperforming its G4 peers on the back of disappointing trade data while outperforming most high-beta growth sensitive currencies in an environment of elevated risk aversion.

    Key Quotes:

    "USD/JPY rallied to a fresh one week high, with further upside likely to be driven by relative central bank policy as market participants reconsider the recent fade in Fed expectations and moderation in expectations for greater accommodation from the BoJ."

    'The weaker trade release should weigh on BoJ expectations into the month end meeting."
    For more information, read our latest forex news.

Share This Page

free forex signals