Home USD/JPY: bid on dollar strength – Scotiabank

USD/JPY: bid on dollar strength – Scotiabank

Published date: 4 Sep. 2018 | 20:03

Analysts at Scotiabank noted that JPY is weak vs the USD while still outperforming all of the remaining G10 currencies in an environment of risk aversion and broad-based USD strength.

Key Quotes:

“Yield spreads remain relatively unchanged however measures of sentiment appear to have turned.”

“Risk reversals are showing a rise in the premium for protection against JPY strength vs. both the USD and EUR, and EUR/JPY appears vulnerable following last week’s key reversal.”

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