Analysts at Scotiabank noted that JPY is up modestly vs. the USD and outperforming all of the G10 currencies on the back of renewed risk aversion resulting from concerns relating to Italy. Key Quotes: “Measures of sentiment appear to be shifting and positioning is relatively imbalanced with a sizeable speculative JPY short.” “The premium for protection against JPY strength vs. both the USD and EUR is remarkably low, reflecting the pro-risk market tone from early September.” “Domestic developments have been limited with no major data releases and reduced BoJ bond purchases have lifted JGB yields and allowed the 10Y yield to reach 15bpts for the first time since early 2017.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Kaplan: Tailwind from debt-funded stimulus could turn into a headwind in the out years FX Street 4 years Analysts at Scotiabank noted that JPY is up modestly vs. the USD and outperforming all of the G10 currencies on the back of renewed risk aversion resulting from concerns relating to Italy. Key Quotes: "Measures of sentiment appear to be shifting and positioning is relatively imbalanced with a sizeable speculative JPY short." "The premium for protection against JPY strength vs. both the USD and EUR is remarkably low, reflecting the pro-risk market tone from early September." "Domestic developments have been limited with no major data releases and reduced BoJ bond purchases have lifted JGB yields and allowed the 10Y… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
