JPY Soft and Trading Defensively – Scotiabank

JPY soft and trading defensively – Scotiabank

The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) but trading defensively and hitting fresh local lows as we head into Thursday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

JPY is remarkably quiet – Scotiabank

Japanese Yen (JPY) is getting in Tuesday’s NA session the same vs. the United States Dollar (USD), having actually faded its limited BoJ-driven gain following the reserve bank’s policy choice, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret note. JPY is fading modest BoJ-driven gain ” Rates were left the same, as anticipated, at 0.5% and policymakers revealed a less aggressive prepare for policy normalization with figures that h…