Analysts at Scotiabank explained that the JPY is up vs. the USD and outperforming all of the G10 currencies in an environment of broad-based risk aversion, extending its recent bullish turn and testing a fresh one month high. Key Quotes: “Yield spreads are narrowing in a JPY-supportive manner and risk reversals are suggestive of a continued rise in the premium for protection against JPY strength vs. both the USD and EUR. EURJPY remains weak, nearing fresh one year lows around 125.” “Domestic developments have been limited, however Gov. Kuroda is scheduled to speak at 8pm ET and retail sales are released at 7:50pm ET.” 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 Global market snapshot: large moves in markets due to Italy risk – ANZ FX Street 5 years Analysts at Scotiabank explained that the JPY is up vs. the USD and outperforming all of the G10 currencies in an environment of broad-based risk aversion, extending its recent bullish turn and testing a fresh one month high. Key Quotes: "Yield spreads are narrowing in a JPY-supportive manner and risk reversals are suggestive of a continued rise in the premium for protection against JPY strength vs. both the USD and EUR. EURJPY remains weak, nearing fresh one year lows around 125." "Domestic developments have been limited, however Gov. Kuroda is scheduled to speak at 8pm ET and retail… 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.
