USD/JPY: risk aversion favors downside - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at Scotiabank noted the conditions surrounding USD/JPY.

    Key Quotes:

    "The current environment leaves JPY most vulnerable to haven-driven gains in the event of renewed risk aversion.

    Recent comments from BoJ Gov. Kuroda have underscored the importance of wage gains, tightening the focus on the upcoming release of labor cash earnings data on Friday (Thursday evening EST). Both yield spreads and risk reversals hint to the potential for further JPY gains (USD/JPY decline)."
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