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Yen in the firing line this week - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Eric Theoret, CFA, CMT
    FX Strategist at Scotiabank explained that JPY remains most vulnerable
    to sentiment in the current environment.

    Key Quotes:

    "With risk of further weakness in the event of a stabilization in oil prices brought about by greater
    cooperation among oil-producing nations. We maintain a focus on the BoJ policy decision later this week, and underscore the divergence between
    policymakers’ official comments with a bias to hold and unnamed officials’ calls for greater monetary accommodation."

    "Risk reversals underscore a dramatic shift in demand for protection against movement in USD/JPY, with the one week measure hinting to demand for protection
    against upside risk."
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