JPY weak and underperforming – Scotiabank
Source Fxstreet
The Japanese Yen (JPY) is weak, down 0.5% against the US Dollar (USD) and underperforming all of the G10 currencies as market participants reconsider their expectations for BoJ tightening in the context of PM Takaichi’s government, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Markets push back calls for BoJ hikes
"The new PM affirmed her support for BoJ independence on Tuesday, however this does not appear to have been sufficient as Bloomberg reports of a material pushback in expectations on the timing of BoJ tightening."
"Only 10% of surveyed economists now expect an October hike, with 50% expecting December and 38% expecting January. USD/JPY is pushing higher but still within its recent range roughly bound between the mid-149s and 153."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
US spot Bitcoin ETF buyers are essentially the very investors expected to provide a stable, long-term bid for the pioneer crypto. However, data shows that these players are now sitting on mounting unr
MicroStrategy is under renewed market pressure after Bitcoin slid to $60,000, pushing the company’s vast crypto treasury deeper below its average acquisition cost and reigniting concerns about balance
Bitcoin has entered a critical phase after its recent correction dragged the price toward the $70,000 level. Viewed through a macro lens, this move has exposed BTC to elevated downside risk. Several o
Global markets may be entering a new phase of volatility after Goldman Sachs warned that systematic funds could offload tens of billions of dollars in equities in the coming weeks.This wave of selling
Lyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
Related Instrument
