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Yen is top performer - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Scotiabank noted that the JPY is the top-performer on the session as weak stocks drive safe-have demand.

    Key Quotes:

    "The strong JPY is prompting complaints from the local business lobby and clearly will not suit the BoJ’s reflation policy steps.

    However, BoJ Gov. Kuroda said the central bank will not target the JPY. The comments suggest the central bank is not considering intervention."
    For more information, read our latest forex news.

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